New Issue: HSBC prices $8.07 million buffered digital notes tied to Stoxx 50, Stoxx Europe 600

By Marisa Wong

Morgantown, W.Va., July 1 – HSBC USA Inc. priced $8.07 million of 0% buffered digital notes due June 30, 2020 linked to the worse performing of the Euro Stoxx 50 index and the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.

If both indexes finish at or above their buffer levels, 80% of their initial levels, the payout at maturity will be par plus the digital upside return of 28.06%.

If either index finishes below the buffer level, investors will lose 1.25% for every 1% decline of the worse performing index beyond the 20% buffer.

HSBC Securities (USA) LLC is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying indexes:	Euro Stoxx 50 and Stoxx Europe 600
Amount:	$8,065,000
Maturity:	June 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If both indexes finish at or above their 80% buffer levels, par plus 28.06%; if either index finishes below the buffer level, 1.25% loss for every 1% decline of the worse performing index beyond the 20% buffer
Initial levels:	2,697.44 for Euro Stoxx and 308.75 for Stoxx Europe
Pricing date:	June 27
Settlement date:	June 30
Agent:	HSBC Securities (USA) Inc.
Fees:	2.5%
Cusip:	40433UPP5

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