New Issue: HSBC prices $1.2 million buffered digital notes linked to the Dow

By Marisa Wong

Morgantown, W.Va., June 2 – HSBC USA Inc. priced $1.2 million of 0% buffered digital notes due May 28, 2021 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the index return and the digital return of 21%.

Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	Dow Jones industrial average
Amount:	$1,201,000
Maturity:	May 28, 2021
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is zero or positive, par plus greater of index return and 21%; par if index falls by up to 20%; 1% loss for each 1% decline beyond 20%
Initial index level:	17,851.51
Pricing date:	May 25
Settlement date:	May 31
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40433UMQ6

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