HSBC plans buffered digital notes linked to S&P 500, Russell 2000

By Marisa Wong

Morgantown, W.Va., March 9 – HSBC USA Inc. plans to price 0% buffered digital notes due Jan. 4, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above 80% of its initial level, the payout at maturity will be par plus the digital upside return of at least 28.5%.

Otherwise, investors will lose 1% for every 1% decline of the worse performing index beyond the 20% buffer.

HSBC Securities (USA) Inc. is the agent.

The notes will price on March 10.

The Cusip number is 40433UX84.

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