New Issue: HSBC sells $252,000 13-month barrier digital return notes on Russell, Dow

By Sarah Lizee

Olympia, Wash., July 6 – HSBC USA Inc. priced $252,000 of 0% barrier digital return notes due Aug. 5, 2019 linked to the lesser performing of the Dow Jones Industrial Average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying component closes at or above its 70% barrier level on each day during the life of the notes, the payout at maturity will be par plus the digital return of 7%.

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
Underlying indexes:	Russell 2000, Dow Jones Industrial Average
Amount:	$252,000
Maturity:	Aug. 5, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying index always closes at or above its barrier level, par plus 7%; otherwise, full exposure to any losses of worse performing index
Initial levels:	24,271.41 for Dow Jones, 1,643.069 for Russell
Barrier levels:	16,989.987 for Dow Jones, 1,150.1483 for Russell; 70% of initial levels
Pricing date:	June 29
Settlement date:	July 5
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435FE78

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