New Issue: HSBC prices $6.19 million one-year Stars linked to S&P 500

By Susanna Moon

Chicago, Sept. 28 – HSBC USA Inc. priced $6.19 million of 0% Strategic Accelerated Redemption Securities due Sept. 30, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call premium of 12.6% if the index closes at or above its initial level on any call date.

The payout at maturity will be par unless the index falls, in which investors will be exposed to any losses.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Strategic Accelerated Redemption Securities
Underlying index:	S&P 500
Amount:	$6,192,030
Maturity:	Sept. 30, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par unless the index falls, in which exposure to any losses
Call:	At par plus 12.6% per year if index closes at or above initial level on March 18, 2016, June 17, 2016 or Sept. 23, 2016
Initial level:	1,932.24
Pricing date:	Sept. 24
Settlement date:	Oct. 1
Agent:	BofA Merrill Lynch
Fees:	1.25%
Cusip:	40434K602

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