New Issue: HSBC sells $4.18 million buffered digital notes linked to Russell, Nasdaq

By William Gullotti

Buffalo, N.Y., Feb. 13 – HSBC USA Inc. priced $4.18 million of 0% buffered digital notes due March 14, 2024 linked to the least performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of least-performing index is greater than or equal to 80% of its initial level, the payout at maturity will be par plus 10.25%.

Otherwise, investors will lose 1% for every 1% that the least-performing index declines beyond 20%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying indexes:	Nasdaq-100 index, Russell 2000 index
Amount:	$4,177,000
Maturity:	March 14, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If all indexes finish at or above 80% of initial level, par plus 10.25%; otherwise, 1% loss for every 1% decline in least-performing index beyond 20%
Initial index level:	1,915.339 for Russell, 12,381.17 for Nasdaq
Buffer level:	80% of initial level
Pricing date:	Feb. 9
Settlement date:	Feb. 14
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.6%
Cusip:	40441XM49

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