HSBC plans to price buffered digital notes tied to Russell 2000 index

By Devika Patel

Knoxville, Tenn., May 15 – HSBC USA Inc. plans to price 0% buffered digital notes due Nov. 30, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 20%, investors will receive par plus the digital upside payment of 16.5%. Otherwise, investors will lose 1% for each 1% decline beyond 20%.

HSBC Securities (USA) Inc. is the agent.

The notes (Cusip: 40433U3Y0) will price on May 25 and settle on May 31.

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