New Issue: HSBC prices $468,000 digital barrier notes linked to S&P, Russell

By Sarah Lizee

Olympia, Wash., July 10 – HSBC USA Inc. priced $468,000 of 0% digital barrier notes due Jan. 7, 2022 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index closes at or above 80% of its initial level, the payout at maturity will be par plus 15%.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital barrier notes
Underlying index:	S&P 500, Russell 2000
Amount:	$468,000
Maturity:	Jan. 7, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index closes at or above 80% of its initial level, par plus 15%; otherwise, investors will be fully exposed to any losses
Initial levels:	3,115.86 for S&P, 1,427.314 for Russell
Barrier levels:	80% of initial levels
Pricing date:	July 1
Settlement date:	July 7
Agent:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	40438CMS7

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