New Issue: HSBC sells $3.47 million digital barrier securities tied to S&P, Russell

By Sarah Lizee

Olympia, Wash., Aug. 28 – HSBC USA Inc. priced $3.47 million of 0% digital barrier securities due Nov. 30, 2020 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 the lesser performing index finishes at or above its 70% of its initial level, the payout at maturity will be par plus the digital upside return of 7.25%.

Otherwise, investors will be fully exposed to the decline of the lesser performing index from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital barrier securities
Underlying indexes:	S&P 500, Russell 2000
Amount:	$3,471,000
Maturity:	Nov. 30, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If the lesser performing index finishes at or above its 70% of its initial level, par plus 7.25%; otherwise, full exposure to the decline of the lesser performing index from its initial level
Initial levels:	2,847.11 for S&P, 1,459.485 for Russell
Barrier levels:	1,992.977 for S&P, 1,021.6395 for Russell; 70% of initial levels
Pricing date:	Aug. 23
Settlement date:	Aug. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435UVF8

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