New Issue: HSBC sells $605,000 buffered digital notes on NYSE FANG+

By Kiku Steinfeld

Chicago, Nov. 9 – HSBC USA Inc. priced $605,000 of 0% buffered digital notes due Nov. 3, 2023 linked to the NYSE FANG+ index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of the index is greater than or equal to 85% of the initial level, the payout at maturity will be par plus 22%. 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:	NYSE FANG+ index
Amount:	$605,000
Maturity:	Nov. 3, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the final index level is greater or equal to 85% of its initial level, par plus 22%; otherwise, 1% loss for every 1% decline beyond 15%
Initial index level:	5,600.042
Buffer level:	85% of initial level
Pricing date:	Oct. 29
Settlement date:	Nov. 3
Agent:	HSBC Securities (USA) Inc.
Fees:	2.025%
Cusip:	40438CYR6

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