New Issue: HSBC prices $8.99 million 13-month barrier digital return notes on Russell, Dow

By Susanna Moon

Chicago, May 14 – HSBC USA Inc. priced $8.99 million of 0% barrier digital return notes due July 5, 2019 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying component closes at or above its 70% barrier level on each day during the life of the notes, the payout at maturity will be par plus the digital return of 8.5%.

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 Dow Jones industrial average
Amount:	$8,992,000
Maturity:	June 3, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying index always closes at or above its barrier level, par plus 8.5%; otherwise, full exposure to any losses of worse performing index
Initial levels:	1,541.884 for Russell and 24,163.15 for Dow
Barrier levels:	1,079.3188 for Russell and 16,914.205 for Dow; 70% of initial levels
Pricing date:	April 30
Settlement date:	May 3
Agent:	HSBC Securities (USA) Inc.
Fees:	0.375%
Cusip:	40435FYG6

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