New Issue: HSBC prices $111,000 leveraged buffered notes linked to index basket

By Angela McDaniels

Tacoma, Wash., March 25 – HSBC USA Inc. priced $111,000 of 0% buffered uncapped market participation securities due March 27, 2020 linked to an equally weighted basket consisting of the S&P 500 index, the Euro Stoxx 50 index and the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is greater than zero, the payout at maturity will be par plus 120% of the basket return. Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% that the index declines beyond 15%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying indexes:	S&P 500, Euro Stoxx 50 and Hang Seng China Enterprises, equally weighted
Amount:	$111,000
Maturity:	March 27, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 120% of any basket gain; par if basket falls by up to 15%; 1% loss for every 1% that basket declines beyond 15%
Initial index levels:	2,091.50 for S&P 500, 3,731.35 for Russell 200 and 12,005.02 for Hang Seng China Enterprises
Trade date:	March 23
Pricing date:	March 24
Settlement date:	March 27
Underwriter:	HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	40433BB98

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