By Angela McDaniels
Tacoma, Wash., Nov. 4 – HSBC USA Inc. priced $701,000 of 0% buffered digital notes due Oct. 29, 2021 linked to the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than or equal to zero, the payout at maturity will be par plus the greater of the index return and 18%.
If the index return is less than zero but greater than or equal to negative 20%, the payout will be par.
If the index return is less than negative 20%, investors will lose 1% for every 1% that the index declines beyond 20%.
HSBC Securities (USA) LLC is the underwriter.
| Issuer: | HSBC USA Inc.
|
| Issue: | Buffered digital notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $701,000
|
| Maturity: | Oct. 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to zero, par plus greater of index return and 18%; if index return is less than zero but greater than or equal to negative 20%, par; if index return is less than negative 20%, 1% loss for every 1% that index declines beyond 20%
|
| Initial index level: | 18,199.33
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agent: | HSBC Securities (USA) Inc.
|
| Fees: | 3.75%
|
| Cusip: | 40433UWG7
|
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