New Issue: HSBC sells $2.35 million digital dual directional buffered notes on S&P, Russell

By Marisa Wong

Morgantown, W.Va., Sept. 16 – HSBC USA Inc. priced $2.35 million of 0% digital dual directional buffered securities due Sept. 14, 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 finishes at or above its 70% buffer level, the payout at maturity will be par plus the greater of any gain of the worse performing index and the digital upside return of 43%.

Otherwise, investors will lose 1.4286% for every 1% decline of the lesser-performing index beyond 30%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital dual directional buffered securities
Underlying indexes:	S&P 500, Russell 2000
Amount:	$2,351,000
Maturity:	Sept. 14, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its buffer level, par plus greater of 43% and any gain of worse performing index; otherwise, 1.4286% loss for every 1% decline of the lesser-performing index beyond 30%
Initial levels:	2,127.81 for S&P and 1,219.210 for Russell
Buffer levels:	1,489.47 for S&P and 853.447 for Russell; 70% of initial levels
Pricing date:	Sept. 9
Settlement date:	Sept. 14
Agent:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40433UVH6

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