HSBC to price barrier digital return notes due 2019 on Dow, Russell

By Sarah Lizee

Olympia, Wash., Oct. 11 – HSBC USA Inc. plans to price 0% barrier digital return notes due Nov. 25, 2019 linked to the lesser performing of the Dow Jones Industrial Average and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

A trigger event occurs if either index closes below its 60% barrier level at any time on any trading day during the life of the notes.

If a trigger event does not occur, the payout at maturity will be par plus at least 5%.

If a trigger event occurs but each index finishes at or above its initial level, the payout will be par.

Otherwise, investors will be fully exposed to the decline of the worse performing index.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Oct. 19.

The Cusip number is 40435F5U7.

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