New Issue: HSBC prices $695,000 digital barrier notes linked to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Oct. 25 – HSBC USA Inc. priced $695,000 of 0% digital barrier notes due Oct. 28, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is zero or positive, the payout will be par plus the greater of the index return and the minimum upside return of 48%.

If the index falls by up to 50%, the payout will be par.

If the index falls by more than 50%, 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:	Euro Stoxx 50
Amount:	$695,000
Maturity:	Oct. 28, 2022
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If the index return is zero or positive, par plus the greater of the index return and 48%; if the index falls by up to 50%, par; otherwise, full exposure to any index decline
Initial level:	3,077.65
Pricing date:	Oct. 21
Settlement date:	Oct. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	3.25%
Cusip:	40433UVV5

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