HSBC USA aims to sell digital notes linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., Jan. 11 – HSBC USA Inc. plans to price 27- to 30-month 0% digital notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The exact maturity will be set at pricing.

If the final index level is greater than or equal to 90% of the initial index level, the payout at maturity will be the threshold settlement payment which is expected to be between $1,096.90 and $1,114 per $1,000 of notes. The exact threshold settlement payment will be set at pricing.

Otherwise, investors will lose 1.1111% for each 1% decline beyond the 10% buffer.

HSBC Securities (USA) Inc. is the agent.

The Cusip is 40433UL38.

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