New Issue: HSBC sells $822,000 barrier digital return notes on S&P, Russell

By Marisa Wong

Morgantown, W.Va., June 12 – HSBC USA Inc. priced $822,000 of 0% barrier digital return notes due June 1, 2022 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 at or above its barrier level, 60% of its initial level, the payout at maturity will be par plus the digital return of 30%. Otherwise, investors will be fully exposed to the decline of the lesser-performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital return notes
Underlying indexes:	S&P 500 index and Russell 2000
Amount:	$822,000
Maturity:	June 1, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its barrier level, par plus 30%; otherwise, investors will be fully exposed to the decline of the lesser-performing index
Initial levels:	2,415.82 for S&P and 1,382.244 for Russell
Barrier levels:	1,449.492 for S&P 500 and 829.3464 for Russell; 60% of initial levels
Pricing date:	May 26
Settlement date:	June 1
Agent:	HSBC Securities (USA) Inc.
Fees:	3.125%
Cusip:	40433U5N2

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