New Issue: HSBC prices $6.89 million trigger PLUS linked to iShares MSCI EM fund

By Jennifer Chiou

New York, Jan. 2 – HSBC USA Inc. priced $6,890,900 of 0% trigger Performance Leveraged Upside Securities due Jan. 4, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any fund gain, subject to a maximum payment of $13.50 per $10.00 note.

Investors will receive par if the fund falls up to 15% and will be fully exposed to losses from the initial level if it drops more than 15%.

HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	HSBC USA Inc.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying ETF:	iShares MSCI Emerging Markets
Amount:	$6,890,900
Maturity date:	Jan. 4, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund return is positive, par plus 200% of gain in fund, with return capped at 35%; par if fund falls by up to 15%; par plus fund return with full exposure to losses if fund falls more than 15%
Initial price:	$39.26
Trigger price:	$33.37, 85% of initial level
Pricing date:	Dec. 30
Settlement date:	Jan. 5
Agent:	HSBC Securities (USA) Inc.
Fees:	3%
Cusip:	40434F827

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