New Issue: HSBC sells $225,000 buffered digital notes linked to S&P, Nasdaq

By William Gullotti

Buffalo, N.Y., July 26 – HSBC USA Inc. priced $225,000 of 0% buffered digital notes due July 19, 2024 linked to the least performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the least-performing index is greater than or equal to 90% of its initial level, the payout at maturity will be par plus 15.75%. Otherwise, investors will lose 1% for every 1% that the least-performing index declines beyond 10%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying indexes:	S&P 500 index, Nasdaq-100 index
Amount:	$225,000
Maturity:	July 19, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If all indexes finish at or above 90% of initial level, par plus 15.75%; otherwise, 1% loss for every 1% decline in least-performing index beyond 10%
Initial index level:	4,374.3 for S&P, 14,900.44 for Nasdaq
Buffer levels:	90% of initial level
Pricing date:	July 14
Settlement date:	July 19
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2.025%
Cusip:	40439JDT9

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