New Issue: HSBC prices $2.74 million barrier digital return notes tied to S&P 500, EAFE fund

By Wendy Van Sickle

Columbus, Ohio, Oct. 14 – HSBC USA Inc. priced $2.74 million of 0% barrier digital return notes due Nov. 17, 2017 linked to the Russell 2000 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.

The payout at maturity will be par plus 6.75% unless either underlying closes below its 60% barrier any day during the life of the notes, in which case investors will receive par if the final level of each underlying is at or above its initial level and will be exposed to any loss of the lesser-performing asset.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier digital return notes
Underlying assets:	iShares MSCI EAFE exchange-traded fund and Russell 2000 index
Amount:	$2,742,000
Maturity:	Nov. 17, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 6.75% unless either underlying closes below its 60% barrier any day during the life of the notes, in which case par if final level of each underlying is at or above initial level and exposure to any loss of the lesser-performing asset
Initial levels:	1,227.226 for index, $57.79 for ETF
Barrier levels:	736.3356 for index, $34.674 for ETF; 60% of initial levels
Pricing date:	Oct. 12
Settlement date:	Oct. 17
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UXL5

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