New Issue: HSBC prices $273,000 buffered market notes linked to Energy Select SPDR

By Susanna Moon

Chicago, July 11 – HSBC USA Inc. priced $273,000 of 0% buffered market participation securities due Sept. 28, 2018 tied to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any fund gain, capped at 11%.

Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered market participation securities
Underlying fund:	Energy Select Sector SPDR fund
Amount:	$273,000
Maturity:	Sept. 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any fund gain, capped at 11%; par if fund falls by up to 10%; 1% loss for each 1% decline beyond 10%
Initial level:	$64.14
Pricing date:	June 27
Settlement date:	June 30
Agent:	HSBC Securities (USA) Inc.
Fees:	1.275%
Cusip:	40433U6S0

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