New Issue: HSBC prices $3.72 million barrier digital return notes linked to Stoxx, Russell

By Wendy Van Sickle

Columbus, Ohio, March 14 – HSBC USA Inc. priced $3.72 million of 0% barrier digital return notes due May 10, 2018 linked to the least performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

If each index closes at or above its barrier level, 60% of its initial level, every day during the life of the notes, the payout at maturity will be par plus the 7.5% digital return. Otherwise, the payout will be par if both indexes finish at or above their initial levels, or par minus the return of the lesser performing index if either index finishes below its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital return notes
Underlying indexes:	Euro Stoxx 50 and Russell 2000
Amount:	$3,723,000
Maturity:	May 10, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 7.5% unless either index closes below its 60% barrier any day during the life of the notes, in which case investors will have exposure to any loss of the lesser-performing index or will receive par if both indexes finish at or above their initial levels
Initial levels:	3,416.27 for Stoxx, 1,365.265 for Russell
Barrier levels:	2,049.762 for Stoxx, 819.159 for Russell; 60% of initial levels
Pricing date:	March 10
Settlement date:	March 15
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UX27

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