New Issue: HSBC prices $4.04 million trigger performance notes linked to S&P 500

By Susanna Moon

Chicago, Nov. 1 - HSBC USA Inc. priced $4.04 million of 0% trigger performance securities due Oct. 31, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 122.26% of any gain in the index.

Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index falls below the 50% trigger level.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

Issuer:	HSBC USA Inc.
Issue:	Trigger performance securities
Underlying index:	S&P 500 index
Amount:	$4,041,150
Maturity:	Oct. 31, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 122.26% of any index gain; par for losses up to 50%; fully exposure to losses if index drops below trigger level
Initial level:	1,411.94
Trigger level:	705.97, or 50% of initial level
Pricing date:	Oct. 26
Settlement date:	Oct. 31
Agents:	UBS Financial Services Inc. and HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	40433T703

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