New Issue: HSBC prices $43.69 million Leveraged Index Return Notes linked to Dow

By Angela McDaniels

Tacoma, Wash., Dec. 30 - HSBC USA Inc. priced $43.69 million of 0% Leveraged Index Return Notes due Jan. 7, 2019 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 110.5% of the index return. If the index declines by 20% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 20%.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged Index Return Notes
Underlying index:	Dow Jones industrial average
Amount:	$43,688,930
Maturity:	Jan. 7, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 110.5% of any index gain; par if index falls by up to 20%; 1% loss for every 1% drop beyond 20%
Initial index level:	16,294.61
Final index level:	Average of index's closing levels on Dec. 26, 2018, Dec. 27, 2018, Dec. 28, 2018, Dec. 31, 2018 and Jan. 2, 2019
Threshold value:	13,035.69, or 80% of initial index level
Pricing date:	Dec. 23
Settlement date:	Dec. 31
Agent:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	40434B719

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