New Issue: HSBC sells $983,000 digital dual directional barrier notes on S&P, Stoxx

By Tali Rackner

Minneapolis, March 16 – HSBC USA Inc. priced $983,000 of 0% digital dual directional barrier securities due March 6, 2023 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 50% barrier level, the payout will be par plus the digital upside return of 25.25%.

Otherwise, investors will lose 1% for each 1% decline of lesser-performing index.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Digital dual directional barrier securities
Underlying indexes:	S&P 500 and Euro Stoxx 50
Amount:	$983,000
Maturity:	March 6, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains or either index falls by up to 50%, par plus 25.25%; otherwise, 1% loss per 1% drop of lesser-performing index
Initial levels:	2,677.67 for S&P and 3,399.16 for Stoxx
Barrier levels:	1,338.835 for S&P and 1,699.58 for Stoxx; 50% of initial levels
Pricing date:	March 1
Settlement date:	March 6
Agent:	HSBC Securities (USA) Inc.
Fees:	3.625%
Cusip:	40435FVT1

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