New Issue: HSBC sells $2.83 million barrier digital notes linked to Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Nov. 29 – HSBC USA Inc. priced $2.83 million 0% barrier digital notes due Nov. 22, 2021 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 at maturity will be par plus the greater of the index return and the digital return of 50%.

If the index return is negative but not less than negative 25%, the payout will be par.

If the index falls by more than 25%, investors will be fully exposed to the index decline.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital notes
Underlying index:	Euro Stoxx 50
Amount:	$2,825,000
Maturity:	Nov. 22, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is zero or positive, par plus greater of index return and 50%; if index falls by up to 25%, par; otherwise, full exposure to index decline
Initial level:	3,547.46
Pricing date:	Nov. 17
Settlement date:	Nov. 22
Agent:	HSBC Securities (USA) Inc.
Fees:	2.75%
Cusip:	40435FLW5

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