New Issue: HSBC prices $974,000 buffered market participation notes on S&P 500

By Jennifer Chiou

New York, Oct. 15 - HSBC USA Inc. priced $974,000 of 0% buffered market participation securities due Oct. 16, 2018 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 any index gain, subject to a maximum return of 50%.

Investors will receive par if the index falls by up to 40% and will lose 1% for every 1% decline beyond the 40% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered market participation securities
Underlying index:	S&P 500
Amount:	$974,000
Maturity date:	Oct. 16, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 50%; par if index falls by up to 40%; 1% loss for every 1% index decline beyond 40%
Initial index level:	1,692.56
Pricing date:	Oct. 10
Settlement date:	Oct. 16
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40432XMD0

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