New Issue: HSBC sells $337,000 buffered digital notes linked to Russell 2000

Chicago, April 19 – HSBC USA Inc. priced $337,000 of 0% buffered digital notes due March 19, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to 90% of its initial level, the payout at maturity will be par plus 16.5%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	Russell 2000 index
Amount:	$337,000
Maturity:	March 19, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above 90% of initial level, par plus 16.5%; otherwise, 1% loss for every 1% decline beyond 10%
Initial index level:	2,319.518
Buffer level:	90% of initial level
Pricing date:	March 16
Settlement date:	March 19
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2.025%
Cusip:	40438C2Z3

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