New Issue: HSBC prices $9.78 million 95%-protected market-linked notes on Hang Seng China

By Toni Weeks

San Luis Obispo, Calif., April 1 – HSBC USA Inc. priced $9.78 million of 0% market-linked notes due March 31, 2020 tied to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, up to a maximum return of 51.86%.

If the index falls, the payout will be par plus the index return, subject to a minimum payout of 95% of par.

HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.

Issuer:	HSBC USA Inc.
Issue:	Market-linked notes
Underlying index:	Hang Seng China Enterprises index
Amount:	$9,776,000
Maturity:	March 31, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 51.86%; if index falls, par plus index return, with minimum payout of 95% of par
Initial index level:	11,898.09
Pricing date:	March 27
Settlement date:	March 31
Agents:	HSBC Securities (USA) Inc. and UBS Financial Services Inc.
Fees:	3.5%
Cusip:	40433BH50

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