New Issue: HSBC prices $6.91 million barrier digital return notes on Russell, S&P

By Susanna Moon

Chicago, July 26 – HSBC USA Inc. priced $6.91 million of 0% barrier digital return notes due Aug. 26, 2019 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 underlying index never closes below 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 8.02%.

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:	$6,911,000
Maturity:	Aug. 26, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying index never closes below barrier, par plus 8.02%; otherwise, 1% loss per 1% decline of worse performing index
Initial levels:	1,696.808 for Russell and 2,801.83 for S&P
Barrier levels:	1,187.7656 for Russell and 1,961.281 for S&P; 70% of initial levels
Pricing date:	July 20
Settlement date:	July 25
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435FP84

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