New Issue: HSBC prices $3.57 million digital-plus barrier notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Sept. 25 - HSBC USA Inc. priced $3.57 million of 0% digital-plus barrier notes due Sept. 28, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and 32.5%.

If the final index level is greater than or equal to the barrier level, 70% of the initial index level, but less than the initial level, the payout will be par. Investors will be fully exposed to the index decline from the initial level if the final index level is less than the barrier level.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Digital-plus barrier notes
Underlying index:	S&P 500
Amount:	$3,572,000
Maturity:	Sept. 28, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is greater than or equal to initial level, par plus greater of index return and 32.5%; if index falls by 30% or less, par; if index falls by more than 30%, full exposure to decline from initial level
Initial index level:	1,460.15
Pricing date:	Sept. 21
Settlement date:	Sept. 28
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2.75%
Cusip:	4042K14Q3

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