New Issue: HSBC sells $227,000 buffered digital notes on Dow Jones industrial average

By Wendy Van Sickle

Columbus, Ohio, June 15 – HSBC USA Inc. priced $227,000 of 0% buffered digital notes due June 12, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to its buffer level, 85% of its initial level, the payout at maturity will be $1,120 for each $1,000 of notes. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	Dow Jones industrial average
Amount:	$227,000
Maturity:	June 12, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater or equal to 85% of its initial level, $1,120 for each $1,000 of notes; otherwise, 1% loss for every 1% decline beyond 15%
Initial index level:	27,110.98
Buffer level:	85% of initial level
Pricing date:	June 5
Settlement date:	June 10
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2.5%
Cusip:	40438CJF9

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