New Issue: HSBC prices $2.46 million barrier digital return notes on Russell, S&P

By Susanna Moon

Chicago, May 16 – HSBC USA Inc. priced $2.46 million of 0% barrier digital return notes due June 10, 2019 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 underlying index closes at or above its 70% barrier level on each day during the life of the notes, the payout at maturity will be par plus the digital return of 7.25%.

Otherwise, investors will be fully exposed to the decline of the worse performing component.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital return notes
Underlying indexes:	Russell 2000 index and S&P 500 index
Amount:	$2,463,000
Maturity:	June 10, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each underlying index always closes at or above its barrier level, par plus 7.25%; otherwise, full exposure to any losses of worse performing index
Initial levels:	1,565.603 for Russell and 2,663.42 for S&P
Barrier levels:	1,095.9221 for Russell and 1,864.394 for S&P; 70% of initial levels
Pricing date:	May 4
Settlement date:	May 9
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435FZS9

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