New Issue: HSBC prices $156,000 buffered digital notes linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., Dec. 23 – HSBC USA Inc. priced $156,000 of 0% buffered digital notes due June 27, 2023 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is greater than or equal to negative 15%, the payout at maturity will be par plus the digital upside return of 15%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered digital notes
Underlying index:	S&P 500
Amount:	$156,000
Maturity:	June 27, 2023
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	If index return is greater than or equal to negative 15%, par plus 15%; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial index level:	3,205.37
Pricing date:	Dec. 19
Settlement date:	Dec. 27
Agents:	HSBC Securities (USA) Inc.
Fees:	2.5%
Cusip:	40435UP24

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