New Issue: HSBC prices $3.72 million performance barrier notes linked to indexes

By Marisa Wong

Madison, Wis., Oct. 2 - HSBC USA Inc. priced $3.72 million of 0% performance barrier notes due Oct. 3, 2016 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Hang Seng China Enterprises index, the Korea Composite Stock Price Index 200, the MSCI Taiwan index, the Hang Seng index and the MSCI Singapore Free index.

If the basket return is greater than zero, the payout at maturity will be par plus 171% of the basket return. Investors will receive par if the basket declines by 30% or less and will be fully exposed to the basket decline if it falls by more than 30%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Performance barrier notes
Underlying indexes:	Hang Seng China Enterprises, Korea Composite Stock Price 200, MSCI Taiwan, Hang Seng and MSCI Singapore Free, equally weighted
Amount:	$3,715,000
Maturity:	Oct. 3, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 171% of basket return if basket return is greater than zero; par if basket declines by 30% or less; full exposure to basket's decline from its initial level if it falls by more than 30%
Pricing date:	Sept. 28
Settlement date:	Oct. 3
Underwriter:	HSBC Securities (USA) Inc.
Fees:	1%
Cusip:	4042K15V1

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