New Issue: HSBC prices $108.94 million Accelerated Return Notes linked to S&P Regional Banks

By Angela McDaniels

Tacoma, Wash., June 29 – HSBC USA Inc. priced $108.94 million of 0% Accelerated Return Notes due Aug. 26, 2016 linked to the S&P Regional Banks Select Industry index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum payout of par plus 15.75%. Investors will lose 1% for every 1% decline in the index.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Underlying index:	S&P Regional Banks Select Industry index
Amount:	$108,940,920
Maturity:	Aug. 26, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to maximum payout of par plus 15.75%; 1% loss for every 1% decline
Initial index level:	1,415.24
Final index level:	Average of index’s closing levels on five trading days ending Aug. 23, 2016
Pricing date:	June 25
Settlement date:	July 2
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	40434G213

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