New Issue: HSBC prices $1.56 million barrier digital return notes linked to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, Dec. 29 – HSBC USA Inc. priced $1.56 million of 0% barrier digital return notes due Dec. 30, 2019 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If each index finishes at or above its barrier level, 75% of its initial level, the payout at maturity will be par plus the 24% digital return.

Otherwise, investors will lose 1% for each 1% decline in the worse performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital return notes
Underlying indexes:	S&P 500 and Russell 2000
Amount:	$1,557,000
Maturity:	Dec. 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 24% unless either index finishes below its 75% barrier, in which case exposure to any loss of the lesser-performing index
Initial levels:	2,268.88 for S&P, 1,377.707 for Russell
Barrier levels:	1,701.66 for S&P, 1,033.28025 for Russell; 75% of initial levels
Pricing date:	Dec. 27
Settlement date:	Dec. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UJ80

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