New Issue: HSBC prices $2.53 million barrier digital return notes on Russell, S&P

By Susanna Moon

Chicago, Nov. 10 – HSBC USA Inc. priced $2.53 million 0% barrier digital return notes due Sept. 10, 2018 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying component component finishes at or above its 72.5% barrier level, the payout at maturity will be par plus the digital return of 5.25%.

Otherwise, investors will be fully exposed to the decline of the worse performing component.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital return notes
Underlying indexes:	Russell 2000 index and S&P 500 index
Amount:	$2,533,000
Maturity:	Sept. 10, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying component finishes at or above barrier, par plus 5.25%; otherwise, full exposure to decline of worse performing index
Initial levels:	1,494.91 for Russell and 2,587.84 for S&P
Barrier levels:	1,083.80975 for Russell and 1,876.184 for S&P, 72.5% of initial levels
Pricing date:	Nov. 3
Settlement date:	Nov. 8
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435FLC9

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