HSBC plans 13-month barrier digital return notes on Dow, Russell

New York, July 27 – HSBC USA Inc. plans to price 0% barrier digital return notes due Oct. 7, 2019 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to an FWP 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 at least 7.5%. The exact digital return will be set at pricing.

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

HSBC Securities (USA) Inc. is the agent.

The notes will price on Aug. 31 and settle on Sept. 6.

The Cusip number is 40435FU88.

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