New Issue: HSBC prices $2.58 million buffered digital notes linked to the Dow

By Marisa Wong

Morgantown, W.Va., July 29 – HSBC USA Inc. priced $2.58 million of 0% buffered digital notes due July 30, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the index return and the digital return of 25%.

Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond the buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	Dow Jones industrial average
Amount:	$2,576,000
Maturity:	July 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus greater of gain and 25%; par if index falls by up to 20%; otherwise, exposure to any losses beyond 20%
Initial level:	18,473.75
Pricing date:	July 26
Settlement date:	July 29
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40433UQW9

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