New Issue: HSBC sells $1.5 million buffered digital notes tied to S&P 500, Russell

By Susanna Moon

Chicago, Aug. 30 – HSBC USA Inc. priced $1.5 million of 0% buffered digital notes due Aug. 31, 2018 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus the digital upside return of 20.5%.

Investors will receive par if each index falls by up to 10% and will be exposed to any loss of the worse performing index beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying indexes:	S&P 500, Russell 2000
Amount:	$1,501,000
Maturity:	Aug. 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 25%; par if each index falls by 10% or less; otherwise, exposure to losses of worse performing index beyond 10%
Initial levels:	2,169.04 for S&P, 1,238.031 for Russell
Pricing date:	Aug. 26
Settlement date:	Aug. 31
Agent:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40433USP2

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