New Issue: HSBC prices $960,000 barrier AMPS linked to S&P 500

By Angela McDaniels

Tacoma, Wash., May 27 – HSBC USA Inc. priced $960,000 of 0% barrier Accelerated Market Participation Securities due Dec. 3, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus 150% of the index return, up to a maximum return of 40%. Investors will receive par if the index falls by 25% or less and will be fully exposed to the decline if the index falls by more than 25%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Barrier Accelerated Market Participation Securities
Underlying index:	S&P 500
Amount:	$960,000
Maturity:	Dec. 3, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 40%; par if index declines by 25% or less; full exposure to losses if index falls by more than 25%
Initial level:	2,126.06
Pricing date:	May 22
Settlement date:	June 1
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2.35%
Cusip:	40433BP69

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