New Issue: HSBC prices $500,000 enhanced participation notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Feb. 19 - HSBC USA Inc. priced $500,000 of 0% enhanced participation securities with barrier due Feb. 25, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus 110% of the index return. If the index declines by 43% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial level.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Enhanced participation notes
Underlying index:	S&P 500
Amount:	$500,000
Maturity:	Feb. 25, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than zero, par plus 110% of index return; if index declines by 43% or less, par; otherwise, 1% loss for every 1% that final index level is less than initial level
Initial index level:	1,838.63
Pricing date:	Feb. 14
Settlement date:	Feb. 24
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2.75%
Cusip:	40432XTZ4

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