New Issue: HSBC prices $795,000 barrier digital return notes tied to Russell, Dow

By Sarah Lizee

Olympia, Wash., Nov. 5 – HSBC USA Inc. priced $795,000 of 0% barrier digital return notes due Dec. 5, 2019 linked to the lesser performing of the Dow Jones Industrial Average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

A trigger event occurs if either index closes below its 70% barrier level at any time on any trading day during the life of the notes.

If a trigger event does not occur, the payout at maturity will be par plus 7.65%.

If a trigger event occurs but each index finishes at or above its initial level, the payout will be par.

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

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital return notes
Underlying indexes:	Russell 2000, Dow Jones Industrial Average
Amount:	$795,000
Maturity:	Dec. 5, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If a trigger event does not occur, par plus 7.65%; if a trigger event occurs but each index finishes at or above its initial level, par; otherwise, investors will be fully exposed to the decline of the worse performing index
Initial levels:	25,115.76 for Dow Jones, 1,511.413 for Russell
Trigger levels:	17,581.032 for Dow Jones, 1,057.9891 for Russell; 70% of initial levels
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agent:	HSBC Securities (USA) Inc.
Fees:	0.375%
Cusip:	40435F4S3

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