New Issue: HSBC sells $970,000 barrier AMPS on Hang Seng China Enterprises

By Marisa Wong

Morgantown, W.Va., March 26 – HSBC USA Inc. priced $970,000 of 0% barrier Accelerated Market Participation Securities due Sept. 23, 2019 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 3 times any gain in the index, up to a maximum return of 28%.

Investors will receive par if the index falls by up to 20% and will be fully exposed to any losses if the index finishes below the 80% barrier.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier Accelerated Market Participation Securities
Underlying index:	Hang Seng China Enterprises index
Amount:	$970,000
Maturity:	Sept. 23, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, capped at 28%; par if index declines by 20% or less; full exposure to any losses if the index falls below barrier level
Initial level:	12,660.46
Trade date:	March 16
Pricing date:	March 19
Settlement date:	March 22
Agent:	HSBC Securities (USA) Inc.
Fees:	1.25%
Cusip:	40435FWC7

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