New Issue: HSBC prices $1.55 million performance plus notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Feb. 25 - HSBC USA Inc. priced $1.55 million of 0% buffered performance plus securities due Feb. 27, 2017 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is at least 100% of the initial index level, the payout at maturity will be par plus the greater of the index return and 13%. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered performance plus securities
Underlying index:	S&P 500
Amount:	$1,547,000
Maturity date:	Feb. 27, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is at least 100% of initial index level, par plus greater of index return and 13%; par if index declines by 15% or less; 1% decline for every 1% that index declines beyond 15%
Initial index level:	1,502.42
Pricing date:	Feb. 21
Settlement date:	Feb. 26
Agent:	HSBC Securities (USA) Inc.
Fees:	3.4%
Cusip:	40432XAF8

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