New Issue: HSBC prices $378,000 buffered AMPS linked to S&P 500

By Toni Weeks

San Luis Obispo, Calif., July 30 – HSBC USA Inc. priced $378,000 of 0% buffered Accelerated Market Participation Securities due July 31, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus two times any gain in the index, subject to a maximum return of 17%.

Investors will receive par if the index falls by up to 10% and will be exposed to declines beyond the 10% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying index:	S&P 500
Amount:	$378,000
Maturity date:	July 31, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, return capped at 17%; par for index decline of up to 10%; exposure to losses beyond 10%
Initial level:	1,978.34
Pricing date:	July 25
Settlement date:	July 30
Agent:	HSBC Securities (USA) Inc.
Fees:	2.55%
Cusip:	40433BGS1

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