New Issue: HSBC prices $340,000 digital dual directional barrier notes on indexes

By Susanna Moon

Chicago, June 29 – HSBC USA Inc. priced $340,000 of 0% digital dual directional barrier notes due June 30, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above the 70% barrier level, the payout at maturity will be par plus the digital return of 34.5%.

Otherwise, investors will be fully exposed to any losses of the worse performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital dual directional barrier securities
Underlying indexes:	S&P 500 and the Russell 2000
Amount:	$340,000
Maturity:	June 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above the 70% barrier, par plus 34.5%; otherwise, full exposure to any losses of worse performing index
Initial levels:	2,000.54 for S&P and 1,089.646 for Russell
Barrier levels:	1,400.38 for S&P and 762.752 for Russell, 70% of initial levels
Pricing date:	June 27
Settlement date:	June 30
Agent:	HSBC Securities (USA) Inc.
Fees:	3.625%
Cusip:	40433UNZ5

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