HSBC plans to price 16- to 18-month digital notes linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Aug. 19 – HSBC USA Inc. plans to price 16- to 18-month 0% digital notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to 90% of the initial level, the payout at maturity will be the threshold settlement about between $1,086.40 and $1,101.70 per $1,000 note. Otherwise, investors will lose 1.1111% for every 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

The Cusip number is 40433UTP1.

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