New Issue: HSBC sells $182,000 barrier digital return notes on Stoxx, Russell, S&P

By Susanna Moon

Chicago, Dec. 27 – HSBC USA Inc. priced $182,000 of 0% barrier digital return notes due Dec. 30, 2019 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying index 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 7%.

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

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital return notes
Underlying indexes:	S&P 500, Euro Stoxx 50, Russell 2000
Amount:	$182,000
Maturity:	Dec. 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying index always closes at or above its barrier level, par plus 7%; otherwise, full exposure to any losses of worst performing index
Initial levels:	2,682.17 for S&P, 3,166.42 for Stoxx, 1,492.855 for Russell
Barrier levels:	1,877.519 for S&P, 2,216.494 for Stoxx, 1,044.9985 for Russell, 70% of initial levels
Pricing date:	Nov. 27
Settlement date:	Nov. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	1.875%
Cusip:	40435UAB0

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