New Issue: HSBC prices $58.6 million Leveraged Index Return Notes tied to the Dow

By Susanna Moon

Chicago, Dec. 3 - HSBC USA Inc. priced $58.6 million of 0% Leveraged Index Return Notes due Nov. 30, 2018 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 111.3% of any index gain.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged Index Return Notes
Underlying index:	Dow Jones industrial average
Amount:	$58,601,560
Maturity:	Nov. 30, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 111.3% of any index gain; par if index falls by up to 20%; 1% loss for every 1% drop beyond 20%
Initial level:	16,072.80
Trigger level:	12,858.24, 80% of initial level
Pricing date:	Nov. 26
Settlement date:	Dec. 3
Agent:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	40434B826

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