New Issue: HSBC prices $714,000 leveraged buffered notes on S&P Europe low-volatility index

By Marisa Wong

Madison, Wis., June 3 – HSBC USA Inc. priced $714,000 of 0% leveraged buffered uncapped market participation securities due May 29, 2020 linked to the S&P Europe 350 Low Volatility 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 120% of the index return. Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% that the index declines beyond 15%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered uncapped market participation securities
Underlying index:	S&P Europe 350 Low Volatility index
Amount:	$714,000
Maturity:	May 29, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 120% of any index gain; par if index falls by up to 15%; 1% loss for every 1% that index declines beyond 15%
Initial level:	249.48
Pricing date:	May 27
Settlement date:	May 29
Underwriter:	HSBC Securities (USA) Inc.
Fees:	4.5%
Cusip:	40433BV88

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