New Issue: HSBC prices $1.05 million digital plus barrier notes linked to S&P 500

By Susanna Moon

Chicago, July 31 – HSBC USA Inc. priced $1.05 million of 0% digital plus barrier notes due July 31, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 80% barrier level, the payout at maturity will be par plus the greater of any gain and the minimum upside return of 23%.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital plus barrier notes
Underlying index:	S&P 500
Amount:	$1,052,000
Maturity:	July 31, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes at or above the 80% barrier, par plus any gain, floor of 23%; otherwise, full exposure to any losses
Initial level:	2,093.25
Trigger level:	1,674.60, 80% of initial level
Pricing date:	July 28
Settlement date:	July 31
Agents:	HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	40433B2V9

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