New Issue: HSBC prices $567,000 50/150 performance securities tied to S&P 500 Low Volatility

By Susanna Moon

Chicago, Dec. 27 - HSBC USA Inc. priced $567,000 of 0% 50/150 performance securities due June 25, 2018 linked to the S&P 500 Low Volatility index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout maturity will be par plus 150% of any index gain.

Otherwise, investors will be exposed to 50% of index losses.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	50/150 performance securities
Underlying index:	S&P 500 Low Volatility
Amount:	$567,000
Maturity:	June 25, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index stays flat or gains, par plus 150% of index return; otherwise, exposure to 50% of index decline
Initial level:	4,520.89
Pricing date:	Dec. 20
Settlement date:	Dec. 26
Agent:	HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	40432X4F5

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