HSBC plans 3.5-year buffered digital notes linked to Russell 2000

By Susanna Moon

Chicago, April 3 – HSBC USA Inc. plans to price 0% buffered digital notes due Oct. 30, 2020 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above the 80% threshold level, the payout at maturity will be par plus a digital upside return of 18%.

Otherwise, investors will lose 1% for each 1% decline beyond the 20% buffer.

HSBC Securities (USA) Inc. is the agent.

The notes will price on April 25.

The Cusip number is 40433U2F2.

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