New Issue: HSBC prices $932,000 digital barrier notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., June 21 – HSBC USA Inc. priced $932,000 of 0% digital barrier notes due Dec. 27, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to zero, the payout at maturity will be par plus the greater of the index return and 64%. If the index return is less than zero but greater than or equal to negative 30%, the payout will be par. If the index return is less than negative 30%, investors will be fully exposed to the decline.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital barrier notes
Underlying index:	S&P 500
Amount:	$932,000
Maturity:	Dec. 27, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to zero, par plus greater of index return and 64%; if index return is less than zero but greater than or equal to negative 30%, par; if index return is less than negative 30%, full exposure to decline
Initial index level:	2,071.22
Pricing date:	June 17
Settlement date:	June 24
Agent:	HSBC Securities (USA) Inc.
Fees:	3.25%
Cusip:	40433UPN0

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