New Issue: HSBC prices $5.95 million buffered digital notes tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, May 16 – HSBC USA Inc. priced $5.95 million of 0% buffered digital notes due Nov. 18, 2019 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par plus the fixed return of 13.55%.

If either index falls by up to the 20% buffer, the payout will be par.

Otherwise, investors will lose 1.25% for each 1% decline of the worse performing index beyond the buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying indexes:	Russell 2000, S&P 500
Amount:	$5,952,000
Maturity:	Nov. 18, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If each index gains, par plus 13.55%; if either index falls by up to 20%, par; otherwise, 1.25% loss for each 1% decline of worse performing index beyond 20%
Initial values:	2,727.72 for S&P, 1,606.792 for Russell
Pricing date:	May 11
Settlement date:	May 16
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40435FB30

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