New Issue: HSBC prices $240,000 leveraged performance notes on PowerShares S&P Low Volatility

By Angela McDaniels

Tacoma, Wash., Dec. 2 - HSBC USA Inc. priced $240,000 of 0% leveraged performance securities due Nov. 29, 2019 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 1.4% for every 1% that the fund increases. If the fund return is negative, investors will lose 0.5% for every 1% that the fund declines.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged performance securities
Underlying ETF:	PowerShares S&P 500 Low Volatility Portfolio ETF
Amount:	$240,000
Maturity:	Nov. 29, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.4% for every 1% that fund increases; otherwise, par minus 0.5% for every 1% that fund declines
Initial share price:	$32.95
Pricing date:	Nov. 26
Settlement date:	Nov. 29
Underwriter:	HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	40432XNR8

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