New Issue: HSBC sells $8.17 million market-linked notes tied to S&P 500

By Marisa Wong

Los Angeles, June 1 – HSBC USA Inc. priced $8.17 million of 0% digital notes due April 18, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to 87.5% of the initial index level, the payout at maturity will be par plus 17.87%. Otherwise, investors will lose 1.1429% for every 1% index decline beyond 12.5%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital notes
Underlying index:	S&P 500 index
Amount:	$8,169,000
Maturity:	April 18, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 17.87% unless index falls by more than 12.5%, in which case 1.1429% loss for every 1% decline beyond 12.5%
Initial level:	2,852.50
Pricing date:	May 14
Settlement date:	May 21
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40438CHM6

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