New Issue: HSBC prices $13.22 million Stars linked to S&P 500, Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., March 2 – HSBC USA Inc. priced $13.22 million of 0% Strategic Accelerated Redemption Securities due March 11, 2016 linked to a basket holding equal weights of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus a call premium of 6.4% per year if the basket closes at or above the initial level on Aug. 21, 2015, Nov. 20, 2015 or March 4, 2016.

The payout at maturity will be par unless the basket falls by more than 5%, in which case investors will lose 1% for every 1% that the basket declines beyond 5%.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Strategic Accelerated Redemption Securities
Underlying indexes:	S&P 500 and Euro Stoxx 50
Amount:	$13,224,230
Maturity:	March 11, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par if basket falls by 5% or less; 1% loss for every 1% that basket declines beyond 5%
Call:	At par plus 6.4% per year if basket closes at or above initial level on Aug. 21, 2015, Nov. 20, 2015 or March 4, 2016
Initial index levels:	2,110.74 for S&P 500 and 3,574.94 for Euro Stoxx 50
Pricing date:	Feb. 26
Settlement date:	March 5
Agent:	BofA Merrill Lynch
Fees:	1.25%
Cusip:	40434F256

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