HSBC plans two-year buffered digital notes linked to S&P 500, Russell

By Wendy Van Sickle

Columbus, Ohio, Nov. 2 – HSBC USA Inc. plans to price 0% buffered digital notes due Nov. 30, 2018 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus the digital upside return of 19% to 21%. The exact digital return will be set at pricing.

Investors will receive par if each index falls by 10% or less and will be exposed to any losses of the worse performing index beyond 10%.

HSBC Securities (USA) Inc. is the underwriter.

The notes (Cusip: 40433UYN0) will price on Nov. 18 and settle on Nov. 23.

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