New Issue: HSBC sells $480,000 two-year buffered digital notes on S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 27 – HSBC USA Inc. priced $480,000 of 0% buffered digital due June 28, 2021 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 90% of its initial level, the payout at maturity will be par plus 9.35%.

Otherwise, investors will lose 1% for each 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	S&P 500
Amount:	$480,000
Maturity:	June 28, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains or falls by up to 10%, par plus 9.35%; otherwise, 1% loss for each 1% decline beyond 10%
Initial level:	2,917.38
Pricing date:	June 25
Settlement date:	June 28
Agent:	HSBC Securities (USA) Inc.
Fees:	2.8%
Cusip:	40435UPK4

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