New Issue: HSBC prices $1.78 million barrier digital return notes on three stocks

By Susanna Moon

Chicago, April 25 – HSBC USA Inc. priced $1.78 million 0% barrier digital return notes due April 26, 2019 linked to the least performing of the common stocks of Microsoft Corp., salesforce.com, inc. and Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying component finishes at or above its 70% barrier level, the payout at maturity will be par plus the digital return of 15.6%.

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

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital return notes
Underlying stocks:	Microsoft Corp. (Symbol: MSFT), salesforce.com, inc. (Symbol: CRM) and Nvidia Corp. (Symbol: NVDA)
Amount:	$1,775,000
Maturity:	April 26, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying component finishes at or above barrier, par plus 15.6%; otherwise, 1% loss for each 1% decline of worst performing stock
Initial levels:	$95.00 for Microsoft, $122.82 for salesforce.com and $228.71 for Nvidia
Barrier levels:	$66.50 for Microsoft, $85.974 for salesforce.com and $160.097 for Nvidia, 70% of initial levels
Pricing date:	April 20
Settlement date:	April 25
Agent:	HSBC Securities (USA) Inc.
Fees:	1.25%
Cusip:	40435FWV5

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