New Issue: HSBC prices $4.36 million digital barrier notes linked to Euro Stoxx 50

By William Gullotti

Buffalo, N.Y., Aug. 15 – HSBC USA Inc. priced $4.36 million of 0% digital barrier notes due Sept. 30, 2024 linked to the performance of the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes flat or gains, the payout at maturity will be par plus 13.3%.

If the index declines by up to 15%, the payout at maturity will be par. Otherwise, investors will lose 1% for every 1% of index decline from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital barrier notes
Underlying index:	Euro Stoxx 50 index
Amount:	$4.36 million
Maturity:	Sept. 30, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes flat or gains, par plus 13.3%; if the index declines by no more than 15%, par; otherwise, full exposure to index decline from initial level
Initial index level:	4,288.85
Barrier level:	85% of initial level
Pricing date:	Aug. 8
Settlement date:	Aug. 11
Agent:	HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	40447AJJ4

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