New Issue: HSBC sells $473,000 buffered digital notes on S&P

By Wendy Van Sickle

Columbus, Ohio, March 31 – HSBC USA Inc. priced $473,000 of 0% buffered digital notes due March 31, 2022 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 90% of its initial level, the payout at maturity will be par plus 8.15%.

Investors will lose 1% for each 1% decline of the index beyond 10% of initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	S&P 500
Amount:	$473,000
Maturity:	March 31, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If the index gains or falls by up to 10%, par plus 8.15%; 1% loss of index for each 1% decline of the index beyond 10% of initial level
Initial level:	2,630.07
Buffer level:	90% of initial level
Pricing date:	March 26
Settlement date:	March 31
Agent:	HSBC Securities (USA) Inc.
Fees:	2.8%
Cusip:	40438CAE1

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