HSBC plans to price buffered digital notes linked to Russell 2000

By Marisa Wong

Morgantown, W.Va., March 27 – HSBC USA Inc. plans to price 0% buffered digital notes due Sept. 30, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is at least negative 20%, the payout at maturity will be par plus the digital upside return of 18%.

Otherwise, investors will lose 1% for each 1% decline beyond 20%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on March 28.

The Cusip number is 40433UW69.

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