New Issue: HSBC prices $2.82 million barrier digital return notes on Russell, S&P

By Marisa Wong

Morgantown, W.Va., April 5 – HSBC USA Inc. priced $2.82 million 0% barrier digital return notes due May 29, 2019 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.

A trigger event occurs if either index closes below its 67.5% barrier level at any time on any trading day during the life of the notes.

If a trigger event does not occur, the payout at maturity will be par plus 8.35%.

If a trigger event occurs but each index finishes at or above its initial level, the payout will be par.

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

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:	$2,819,000
Maturity:	May 29, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each index never closes below its barrier level at any time on any trading day during the life of the notes, par plus 8.35%; if either index ever closes below its barrier level at any time on any trading day during the life of the notes but each index finishes at or above its initial level, par; otherwise, investors will be fully exposed to the decline of the worse performing index
Initial levels:	2,658.55 for S&P and 1,543.717 for Russell
Barrier levels:	1,794.52125 for S&P and 1,042.008975 for Russell; 67.5% of initial levels
Pricing date:	March 26
Settlement date:	March 29
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435FWQ6

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