New Issue: HSBC sells $1 million buffered digital notes linked to S&P 500, Russell

By Susanna Moon

Chicago, Jan. 18 – HSBC USA Inc. priced $1 million of 0% buffered digital notes due Jan. 4, 2024 linked to the lesser performing of 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 above its 80% threshold level, the payout at maturity will be the digital upside return of 63%.

Otherwise, investors will lose 1% for every 1% decline of the worse performing index beyond the buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$1 million
Maturity:	Jan. 4, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains or falls by up to 20%, par plus 63%; otherwise 1% loss for each 1% decline of worse performing index beyond 20%
Initial levels:	2,274.64 for S&P and 1,372.047 for Russell
Pricing date:	Jan. 13
Settlement date:	Jan. 19
Agent:	HSBC Securities (USA) Inc.
Fees:	3.25%
Cusip:	40433UL61

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