New Issue: HSBC sells $555,000 buffered digital notes on Russell

By Kiku Steinfeld

Chicago, Oct. 2 – HSBC USA Inc. priced $555,000 of 0% buffered digital notes due Aug. 30, 2022 tied to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus 14.1%.

Investors will lose 1% for each 1% decline of the index beyond 15% of its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	Russell 2000
Amount:	$555,000
Maturity:	Aug. 30, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains or falls by up to 15%, par plus 14.1%; 1% loss for each 1% decline of index beyond 15% of initial level
Initial level:	1,456.039
Pricing date:	Aug. 27
Settlement date:	Aug. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	2.8%
Cusip:	40435UTM6

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