New Issue: HSBC sells $1.8 million barrier digital return notes on S&P 500, EM fund

By Susanna Moon

Chicago, July 6 – HSBC USA Inc. priced $1.8 million of 0% barrier digital return notes due Aug. 20, 2018 linked to the lesser performing of the S&P 500 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying component closes at or above its 65% barrier level on each day during the life of the notes, the payout at maturity will be par plus the digital return of 7.4%.

Otherwise, investors will be fully exposed to the decline of the worse performing component.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital return notes
Underlyings:	S&P 500 index and iShares MSCI Emerging Markets ETF
Amount:	$1,802,000
Maturity:	Aug. 20, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying component never closes below barrier, par plus 7.4%; otherwise, full exposure to decline of worse performer
Initial levels:	2,437.92 for index and $41.58 for fund
Barrier levels:	1,584.648 for index and $27.027 for fund; 65% of initial levels
Pricing date:	June 14
Settlement date:	June 19
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433U7D2

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