New Issue: HSBC prices $492,000 buffered digital notes linked to S&P 500, Russell

By Susanna Moon

Chicago, June 29 – HSBC USA Inc. priced $492,000 of 0% buffered digital notes due June 30, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above the initial level, the payout at maturity will be par plus the digital return of 22%.

Investors will receive par if each index falls by no more than the 10% buffer and will be exposed to any losses of the worse performing index beyond the buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying indexes:	S&P 500 and the Russell 2000
Amount:	$492,000
Maturity:	June 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 34.5%; par if each index falls by no more than 10%; otherwise, exposure to any losses beyond 10% of worse performing index
Initial levels:	2,000.54 for S&P and 1,089.646 for Russell
Pricing date:	June 27
Settlement date:	June 30
Agent:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40433UPL4

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