New Issue: HSBC prices $6.24 million knock-out buffer notes tied to Euro Stoxx 50

By Marisa Wong

Madison, Wis., Feb. 18 – HSBC USA Inc. priced $6.24 million of knock-out buffer notes due Aug. 17, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is less than the initial level by more than 19.9%, the payout at maturity will be par plus the index return, with full exposure to losses. Otherwise the payout will be par plus the greater of the index return and zero.

HSBC Securities (USA) Inc. is the underwriter, and J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.

Issuer:	HSBC USA Inc.
Issue:	Knock-out buffer notes
Underlying index:	Euro Stoxx 50
Amount:	$6,235,000
Maturity date:	Aug. 17, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If final index level is less than initial level by more than 19.9%, par plus index return, with full exposure to losses; otherwise, par plus greater of index return and zero
Initial level:	3,447.59
Knock-out buffer: 19.9% of initial level
Pricing date:	Feb. 13
Settlement date:	Feb. 19
Underwriter:	HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1.25%
Cusip:	40433BA99

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