New Issue: HSBC sells $829,000 digital barrier securities tied to S&P, Russell

By Wendy Van Sickle

Columbus, Ohio, June 25 – HSBC USA Inc. priced $829,000 of 0% digital barrier securities due Dec. 27, 2021 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the lesser performing index finishes at or above 80% of its initial level, the payout at maturity will be par plus the digital upside return of 14%.

Otherwise, investors will be fully exposed to the decline of the lesser performing index from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital barrier securities
Underlying indexes:	S&P 500, Russell 2000
Amount:	$829,000
Maturity:	Dec. 27, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the lesser performing index finishes at or above 80% of its initial level, par plus 14%; otherwise, full exposure to the decline of the lesser performing index from its initial level
Initial levels:	3,097.74 for S&P, 1,418.634 for Russell
Barrier levels:	80% of initial levels
Pricing date:	June 19
Settlement date:	June 24
Agent:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	40438CLL3

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