New Issue: HSBC sells $1.03 million buffered digital notes linked to two indexes, ETF

By William Gullotti

Buffalo, N.Y., Nov. 13 – HSBC USA Inc. priced $1.03 million of 0% buffered digital notes due Dec. 9, 2024 linked to the least performing of the Utilities Select Sector SPDR Fund, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of least-performing underlier is greater than or equal to 85% of its initial level, the payout at maturity will be par plus 10%.

Otherwise, investors will lose 1% for every 1% that the worst performer declines beyond 15%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying assets:	Utilities Select Sector SPDR Fund, Russell 2000 index, Nasdaq-100 index
Amount:	$1,028,000
Maturity:	Dec. 9, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If all underliers finish at or above 85% of initial level, par plus 10%; otherwise, 1% loss for every 1% decline of worst performer beyond 15%
Initial levels:	$61.70 for ETF, 1,737.939 for Russell, 15,154.93 for Nasdaq
Buffer levels:	85% of initial levels
Pricing date:	Nov. 6
Settlement date:	Nov. 9
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.4%
Cusip:	40447AQQ0

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