New Issue: HSBC prices $11.68 million digital notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Jan. 23 – HSBC USA Inc. priced $11.68 million of 0% digital notes due Oct. 23, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 90% of its initial level, the payout at maturity will be the threshold settlement amount of $1,106.50 per $1,000 principal amount.

Otherwise, investors will lose 1.1111% for every 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Digital notes
Underlying index:	S&P 500
Amount:	$11,675,000
Maturity:	Oct. 23, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above 90% of its initial level, $1,106.50 per $1,000 principal amount; otherwise, investors will lose 1.1111% for every 1% decline beyond 10%
Initial index level:	2,271.89
Pricing date:	Jan. 18
Settlement date:	Jan. 25
Agent:	HSBC Securities (USA) Inc.
Fees:	1.8%
Cusip:	40433UL38

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