New Issue: HSBC sells $885,000 digital dual directional buffered notes on S&P, Russell

By Marisa Wong

Morgantown, W.Va., Oct. 7 – HSBC USA Inc. priced $885,000 of 0% digital dual directional barrier securities due Sept. 30, 2021 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its 70% barrier level, the payout at maturity will be par plus the greater of any gain of the worse performing index and the digital upside return of 40%.

Otherwise, investors will be fully exposed to the decline of the worse performing index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital dual directional barrier securities
Underlying indexes:	S&P 500, Russell 2000
Amount:	$885,000
Maturity:	Sept. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If each index finishes at or above its barrier level, par plus greater of 40% and any gain of worse performing index; otherwise, full exposure to decline of worse performing index
Initial levels:	1,246.38 for Russell, 2,159.93 for S&P
Barrier levels:	872.4667 for Russell, 1,511.951 for S&P; 70% of initial levels
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	0.55%
Cusip:	40433UUD6

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