New Issue: HSBC prices $1 million leveraged buffered uncapped market participation notes on S&P 500

By Toni Weeks

San Luis Obispo, Calif., July 2 - HSBC USA Inc. priced $1 million of 0% buffered market participation securities due July 2, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the 144% of the index return. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%, if any.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered uncapped market participation securities
Underlying index:	S&P 500
Amount:	$1,002,000
Maturity date:	July 2, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 144% of any index gain; par if index falls by up to 10%; 1% loss for every 1% that index declines beyond 10%, if any
Initial index level:	1,613.2
Pricing date:	June 27
Settlement date:	July 2
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40432XH20

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