New Issue: HSBC sells $1.49 million digital notes linked to S&P 500

By Marisa Wong

Los Angeles, March 9 – HSBC USA Inc. priced $1.49 million of 0% digital index-linked notes due Feb. 16, 2022 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 15%, the payout at maturity will be par plus 11.4%.

If the index return is below negative 15%, investors will lose 1.1765% for every 1% decline of the index beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital index-linked notes
Underlying index:	S&P 500
Amount:	$1.49 million
Maturity:	Feb. 16, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, finishes flat or falls by up to 15%, par plus 11.4%; otherwise, 1% loss for every 1% decline beyond 15%
Initial index level:	2,978.76
Pricing date:	Feb. 27
Settlement date:	March 5
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435U7B4

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