New Issue: HSBC sells $985,000 buffered digital notes linked to S&P 500

By Marisa Wong

Los Angeles, Sept. 14 – HSBC USA Inc. priced $985,000 of 0% buffered digital notes due Sept. 11, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to 90% of its initial level, the payout at maturity will be par plus 14.5%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	S&P 500 index
Amount:	$985,000
Maturity:	Sept. 11, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 90% of initial level, par plus 14.5%; otherwise, 1% loss for every 1% decline beyond 10%
Initial index level:	3,455.06
Pricing date:	Sept. 3
Settlement date:	Sept. 9
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2.025%
Cusip:	40438CRN3

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