New Issue: HSBC sells $1.08 million buffered digital notes linked to S&P, Russell, Nasdaq

By William Gullotti

Buffalo, N.Y., July 28 – HSBC USA Inc. priced $1.08 million of 0% buffered digital notes due Aug. 26, 2024 linked to the least performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of least-performing index is greater than or equal to 85% of its initial level, the payout at maturity will be par plus 11.52%.

Otherwise, investors will lose 1.1765% for every 1% that the least-performing index declines beyond 15%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying indexes:	S&P 500 index, Russell 2000 index, Nasdaq-100 index
Amount:	$1.08 million
Maturity:	Aug. 26, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If all indexes finish at or above 85% of initial level, par plus 11.52%; otherwise, 1.1765% loss for every 1% decline in least-performing index beyond 15%
Initial index levels:	4,536.34 for S&P, 1,960.255 for Russell, 15,425.67 for Nasdaq
Buffer levels:	85% of initial levels
Pricing date:	July 21
Settlement date:	July 26
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40447AGC2

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