New Issue: HSBC prices $35,000 SelectInvest notes linked to iShares MSCI EM

By Angela McDaniels

Tacoma, Wash., March 25 - HSBC USA Inc. priced $35,000 of 0% SelectInvest debt securities due June 2, 2020 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par plus the ETF return, subject to a maximum return of 73%. If the ETF declines by 30% or less, the payout will be par. If the ETF declines by more than 30%, investors will lose 1% for every 1% that the ETF return is below negative 30%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	SelectInvest debt securities
Underlying ETF:	iShares MSCI Emerging Markets
Amount:	$35,000
Maturity:	June 2, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If ETF return is greater than zero, par plus ETF return, subject to maximum return of 73%; if ETF declines by 30% or less, par; otherwise, 1% loss for every 1% that ETF return is below negative 30%
Initial share price:	$43.14
Pricing date:	May 23
Settlement date:	June 2
Agent:	HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	40432XZ46

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