New Issue: HSBC sells $5.25 million trigger digital notes on iShares MSCI EAFE

By Marisa Wong

Morgantown, W.Va., Nov. 16 – HSBC USA Inc. priced $5.25 million of 0% trigger digital notes due Nov. 16, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the downside threshold, 70% of the initial share price, the payout at maturity will be par of $10 plus 11.15%. If the final share price is less than the downside threshold, investors will be fully exposed to the ETF’s decline.

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

Issuer:	HSBC USA Inc.
Issue:	Trigger digital notes
Underlying ETF:	iShares MSCI EAFE ETF
Amount:	$5.25 million
Maturity:	Nov. 16, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final share price is greater than or equal to downside threshold, par plus 11.15%; otherwise, full exposure to ETF’s decline
Initial share price:	$57.56
Downside threshold	$40.29, 70% of initial share price
Pricing date:	Nov. 10
Settlement date:	Nov. 16
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	1%
Cusip:	40435B288

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