New Issue: HSBC prices $5.66 million digital-plus barrier notes tied to Euro Stoxx

By Marisa Wong

Madison, Wis., Sept. 23 – HSBC USA Inc. priced $5.66 million of 0% digital-plus barrier notes due Sept. 28, 2020 linked to the Euro Stoxx 50 index, 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 any index gain and the 59% minimum upside return.

Investors will receive par if the index falls by up to 40% and will be fully exposed to losses if the index falls below the 60% barrier level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital-plus barrier notes
Underlying index:	Euro Stoxx 50 index
Amount:	$5,663,000
Maturity:	Sept. 28, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is zero or positive, par plus greater of 59% and index return; par if index return is negative and index closes at or above barrier level; full exposure to losses from initial level if index declines more than 40%
Initial level:	3,273.25
Barrier level:	60% of initial level
Pricing date:	Sept. 19
Settlement date:	Sept. 26
Agent:	HSBC Securities (USA) Inc.
Fees:	3.25%
Cusip:	40433BNE4

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