New Issue: HSBC sells $534,000 buffered digital notes tied to S&P 500, Russell

By Marisa Wong

Morgantown, W.Va., Oct. 7 – HSBC USA Inc. priced $534,000of 0% buffered digital notes due Sept. 28, 2018 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 initial level, the payout at maturity will be par plus the digital upside return of 21%.

Investors will receive par if neither index falls by more than 10% and will be exposed to any decline of the worse performing index beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$534,000
Maturity:	Sept. 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 21%; par if each index falls by 10% or less; otherwise, exposure to losses of worse performing index beyond 10%
Initial levels:	1,246.38 for Russell, 2,159.93 for S&P
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40433UUN4

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