New Issue: HSBC prices $2.62 million leveraged buffered securities on S&P 500 Low Volatility

By Marisa Wong

Madison, Wis., June 26 - HSBC USA Inc. priced $2.62 million of 0% leveraged buffered uncapped market participation securities due June 24, 2016 linked to the S&P 500 Low Volatility index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.15 times any index gain. If the index falls by up to 10%, the payout will be par. Investors will lose 1% for every 1% decline beyond the 10% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered uncapped market participation securities
Underlying index:	S&P 500 Low Volatility index
Amount:	$2,623,000
Maturity:	June 24, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.15 times any index gain; if index falls by up to 10%, par; investors will lose 1% for every 1% drop beyond 10% buffer
Initial level:	4,903.57
Pricing date:	June 21
Settlement date:	June 26
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40432XGM7

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