New Issue: HSBC prices $902,000 digital barrier notes linked to iShares MSCI EAFE

By Susanna Moon

Chicago, Aug. 31 – HSBC USA Inc. priced $902,000 of 0% digital barrier notes due Aug. 31, 2023 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above its initial level, the payout will be par plus the greater of the return and the minimum upside return of 57.5%.

If the fund falls by up to 30%, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital barrier notes
Underlying fund:	iShares MSCI EAFE ETF
Amount:	$902,000
Maturity:	Aug. 31, 2023
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If fund gains, par plus greater of fund return and 57.5%; if fund falls by up to 30%, par; if fund falls below barrier, full exposure to any losses
Initial level:	$66.75
Barrier level:	70% of initial level
Pricing date:	Aug. 28
Settlement date:	Aug. 31
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435FFW2

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