New Issue: HSBC sells $500,000 buffered digital notes linked to three stocks

By Emma Trincal

New York, April 15 – HSBC USA Inc. priced $500,000 of 0% buffered digital notes due May 16, 2022 linked to the least performing of the common stocks of Apple Inc., Amazon.com, Inc. and Netflix Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the least performing stock is greater than or equal to 80% of its initial level, the payout at maturity will be par plus 10%. Otherwise, investors will lose 1% for every 1% that the laggard stock declines beyond 20%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying stocks:	Apple Inc., Amazon.com, Inc. and Netflix Inc.
Amount:	$500,000
Maturity:	May 16, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If each stock finishes at or above 80% of initial level, par plus 10%; otherwise, 1% loss for every 1% decline of laggard stock beyond 20%
Initial levels:	$131.24 for Apple, $3,379.39 for Amazon and $552.78 for Netflix
Buffer levels:	$104.99 for Apple, $2,703.51 for Amazon and $442.22 for Netflix, 80% of initial levels
Pricing date:	April 12
Settlement date:	April 15
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.6%
Cusip:	40438C5C1

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