New Issue: HSBC prices $810,000 digital barrier notes due 2020 on Euro Stoxx 50

By Sarah Lizee

Olympia, Wash., July 23 – HSBC USA Inc. priced $810,000 of 0% digital barrier notes due Jan. 27, 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 its initial level, the payout will be par plus the digital upside return of 13%.

If the index falls by up to 25%, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital barrier notes
Underlying index:	Euro Stoxx 50
Amount:	$810,000
Maturity:	Jan. 27, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above its initial level, par plus 13%; if index falls by up to 25%, par; 1% loss for each 1% decline beyond 25%
Initial level:	3,471.64
Pricing date:	July 19
Settlement date:	July 26
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435FQ26

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