New Issue: HSBC prices $900,000 return enhanced notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., Sept. 13 - HSBC USA Inc. priced $900,000 of 0% return enhanced notes due Sept. 18, 2017 linked to the Euro Stoxx 50 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 2 times the index return, subject to a maximum return of 200%. If the index return is negative, investors will have 1-to-1 exposure to the decline.

HSBC Securities (USA) Inc. is the underwriter, and J.P. Morgan Securities LLC is the dealer.

Issuer:	HSBC USA Inc.
Issue:	Return enhanced notes
Underlying index:	Euro Stoxx 50
Amount:	$900,000
Maturity:	Sept. 18, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 2 times index return, subject to maximum payout of $3,000 per $1,000 principal amount of notes; if index return is negative, 1-to-1 exposure to decline
Initial index level:	2,863.44
Final index level: Average of index's closing levels on Sept. 7, 2017, Sept. 8, 2017, Sept. 11, 2017, Sept. 12, 2017 and Sept. 13, 2017
Pricing date:	Sept. 11
Settlement date:	Sept. 16
Underwriter:	HSBC Securities (USA) Inc.
Dealer:	J.P. Morgan Securities LLC
Fees:	2.5%
Cusip:	40432XL82

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