New Issue: HSBC prices $491,000 performance securities on Dow Jones Industrials

By Toni Weeks

San Diego, July 26 - HSBC USA Inc. plans to price 0% performance securities due July 31, 2017 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 plus any index gain, up to a return cap of 62%.

Investors will be exposed to losses, with a minimum payout of $950 per $1,000 principal amount.

HSBC Securities (USA) Inc. will be the agent.

Issuer:	HSBC USA Inc.
Issue:	Performance securities
Underlying index:	Dow Jones Industrial Average
Amount:	$491,000
Maturity:	July 31, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, up to a return cap of 62%; exposure to losses, with minimum payout of $950 per $1,000 principal amount
Initial level:	12,681.16
Pricing date:	July 22
Settlement date:	July 29
Agent:	HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	4042K1KG7

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