New Issue: HSBC sells $422,000 of its buffered digital notes tied to Russell, S&P

By Devika Patel

Knoxville, Tenn., Nov. 23 – HSBC USA Inc. priced $422,000 of 0% buffered digital notes due Nov. 30, 2018 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return of the worst performing index is zero or positive, the payout at maturity will be par plus the digital upside return of 19%.

Investors will receive par if either index declines by 10% or less and will lose 1% for every 1% that the worst performing index declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$422,000
Maturity:	Nov. 30, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return of the worst performing index is greater than or equal to zero, par plus the digital upside return of 19%; par if worst performing index declines by 10% or less; 1% loss for every 1% that worst performing index declines beyond 10%
Initial levels:	1,315.642 for Russell and 2,181.90 for S&P
Pricing date:	Nov. 18
Settlement date:	Nov. 23
Agents:	HSBC Securities (USA) Inc.
Fees:	2.5%
Cusip:	40433UYN0

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