New Issue: HSBC sells $614,000 buffered digital notes linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Aug. 5 – HSBC USA Inc. priced $614,000 of 0% buffered digital notes due July 31, 2018 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the lesser performing index is at least zero, the payout at maturity will be par plus the 19% digital upside return.

If the index falls by up to 10%, the payout will be par. Otherwise investors will lose 1% for each 1% the lesser performing index falls beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying indexes:	S&P 500, and Russell 2000
Amount:	$614,000
Maturity:	July 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If return of lesser performing index is at least zero, par plus 19%; par if lesser performing index falls by up to 10%, 1-to-1 exposure to decline of lesser performing index beyond 10%
Initial levels:	2,169.18 for S&P, 1,216.859 for Russell
Buffer levels:	90% of initial levels
Pricing date:	July 26
Settlement date:	July 29
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40433UQX7

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