New Issue: HSBC sells $116,000 buffered digital notes on Russell

By Wendy Van Sickle

Columbus, Ohio, Feb. 25 – HSBC USA Inc. priced $116,000 of 0% buffered digital notes due Feb. 27, 2023 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus 12.3%.

Investors will lose 1% for each 1% decline of the index beyond 15% of initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	Russell 2000
Amount:	$116,000
Maturity:	Feb. 27, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains or falls by up to 15%, par plus 12.3%; 1% loss of index for each 1% decline of the index beyond 15% of initial level
Initial level:	1,678.609
Buffer level:	85% of initial level
Pricing date:	Feb. 21
Settlement date:	Feb. 26
Agent:	HSBC Securities (USA) Inc.
Fees:	2.8%
Cusip:	40435U5P5

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