New Issue: HSBC prices $1.8 million buffered AMPS tied to iShares U.S. Real Estate

By Marisa Wong

Morgantown, W.Va., Nov. 2 – HSBC USA Inc. priced $1.8 million of 0% buffered Accelerated Market Participation Securities due Oct. 29, 2018 linked to the iShares U.S. Real Estate exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 2.15 times the fund gain, subject to a maximum return of 53%. Investors will receive par if the fund declines by 20% or less and will lose 1.25% for every 1% that it declines beyond 20%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying ETF:	iShares U.S. Real Estate ETF
Amount:	$1.8 million
Maturity:	Oct. 29, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 2.15 times any fund gain, subject to a maximum return of 53%; par if the fund declines by 20% or less; 1.25% loss for every 1% that it declines beyond 20%
Initial price:	$75.90
Pricing date:	Oct. 23
Settlement date:	Oct. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UBW5

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