New Issue: HSBC prices $1.16 million barrier market participation notes linked to Russell 2000

By Susanna Moon

Chicago, June 30 – HSBC USA Inc. priced $1.16 million of 0% barrier market participation notes due July 2, 2018 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.01 times any index gain.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier market participation notes
Underlying index:	Russell 2000
Amount:	$1,163,000
Maturity date:	July 2, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.01 times any index gain; if index falls by up to 25%, par; if index falls by more than 25%, full exposure to any losses
Initial level:	1,283.281
Barrier level:	75% of initial level
Pricing date:	June 25
Settlement date:	June 30
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433BT81

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