New Issue: HSBC sells $818,000 digital dual directional buffered notes tied to S&P

By Susanna Moon

Chicago, Nov. 1 – HSBC USA Inc. priced $818,000 of 0% digital dual directional barrier securities due Oct. 29, 2021 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 its 75% barrier level, the payout at maturity will be par plus the greater of any index gain and the digital upside return of 23%.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital dual directional barrier securities
Underlying indexes:	S&P 500
Amount:	$818,000
Maturity:	Oct. 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above its barrier level, par plus greater of 23% and any index gain; otherwise, full exposure to any losses
Initial level:	2,139.43
Barrier level:	75% of initial level
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agent:	HSBC Securities (USA) Inc.
Fees:	3.25%
Cusip:	40433UWF9

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