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Published on 10/30/2015 in the Prospect News Structured Products Daily.

New Issue: HSBC prices $476,000 buffered uncapped notes linked to indexes

By Angela McDaniels

Tacoma, Wash., Oct. 30 – HSBC USA Inc. priced $476,000 of 0% Buffered Uncapped Market Participation Securities due Oct. 30, 2019 linked to an equally weighted basket consisting of the S&P 500 index, the Russell 2000 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is greater than zero, the payout at maturity will be par plus the basket return. Investors will receive par if the basket falls by 15% or less and will lose 1% for every 1% that the basket declines beyond 15%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:HSBC USA Inc.
Issue:Buffered Uncapped Market Participation Securities
Underlying indexes:S&P 500, Russell 2000 and Euro Stoxx 50, equally weighted
Amount:$476,000
Maturity:Oct. 30, 2019
Coupon:0%
Price:Par
Payout at maturity:Par plus any basket gain; par if basket falls by up to 15%; 1% loss for every 1% that basket declines beyond 15%
Initial index levels:1,145.291 for Russell 2000, 2,065.89 for S&P 500 and 3,381.01 for Euro Stoxx 50
Pricing date:Oct. 27
Settlement date:Oct. 30
Underwriter:HSBC Securities (USA) Inc.
Fees:2.5%Cusip:40433UBQ8

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