New Issue: HSBC prices $5.25 million buffer digital notes tied to iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., Nov. 4 – HSBC USA Inc. priced $5.25 million of 0% buffer digital notes due Oct. 9, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF’s final share price is at least 90% of the initial share price, the payout at maturity will be par of $10 plus 14.6%. Otherwise, investors will lose 1% for every 1% that the ETF declines beyond 10%.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

Issuer:	HSBC USA Inc.
Issue:	Buffer digital notes
Underlying ETF:	iShares MSCI EAFE ETF
Amount:	$5.25 million
Maturity:	Oct. 9, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final share price is greater than or equal to digital barrier, par plus 14.6%; otherwise, 1% loss for every 1% that ETF declines beyond 10%
Initial share price:	$57.18
Digital barrier:	$51.46, 90% of initial share price
Pricing date:	Nov. 2
Settlement date:	Nov. 7
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	1%
Cusip:	40435B320

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