New Issue: HSBC prices $54,000 barrier digital return notes on Nasdaq, S&P

By Sarah Lizee

Olympia, Wash., Feb. 28 – HSBC USA Inc. priced $54,000 of 0% barrier digital return notes due May 28, 2020 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying index never closes below 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 6.6%.

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:	Nasdaq-100 index and S&P 500 index
Amount:	$54,000
Maturity:	May 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying index never closes below barrier, par plus 6.6%; otherwise, 1% loss per 1% decline of worse performing index
Initial levels:	7,115.426 for Nasdaq-100 and 2,796.11 for S&P
Barrier levels:	4,980.798 for Nasdaq-100 and 1,957.28 for S&P; 70% of initial levels
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	1.875%
Cusip:	40435UFX7

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