New Issue: HSBC sells $4.91 million digital notes due 2018 with barrier on S&P 500

By Susanna Moon

Chicago, Aug. 26 – HSBC USA Inc. priced $4.91 million of 0% digital notes due Jan. 10, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 90% threshold level, the payout at maturity will be par plus the threshold settlement amount of $1,096.50 for each $1,000 principal amount.

Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$4,909,000
Maturity:	Jan. 10, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If the index reaches 90% threshold, par plus 9.65%; otherwise, 1.1111% loss per 1% drop beyond 10%
Initial level:	2,175.44
Threshold level:	90% of the initial level
Pricing date:	Aug. 24
Settlement date:	Aug. 31
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UTP1

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