New Issue: HSBC sells $1.92 million buffered digital notes tied to Russell 2000

By Marisa Wong

Morgantown, W.Va., June 5 – HSBC USA Inc. priced $1.92 million of 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 finishes at or above 80% of its initial level, the payout at maturity will be par plus the digital upside return of 16.5%.

Otherwise, investors will lose 1% for every 1% decline of the index beyond the 20% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	Russell 2000
Amount:	$1,918,000
Maturity:	Nov. 30, 2020
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is greater than or equal to negative 20%, par plus 16.5%; otherwise, 1% loss for every 1% index decline
Initial level:	1,383.388
Pricing date:	May 25
Settlement date:	May 31
Agent:	HSBC Securities (USA) Inc.
Fees:	3%
Cusip:	40433U3Y0

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