New Issue: HSBC prices $985,000 buffered securities linked to iShares MSCI ACWI

By Angela McDaniels

Tacoma, Wash., Nov. 13 – HSBC USA Inc. priced $985,000 of 0% buffered market participation securities due Nov. 16, 2018 linked to the iShares MSCI ACWI exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par plus the ETF return, subject to a 20% maximum return. Investors will receive par if the ETF falls by 20% or less and will lose 1% for every 1% that the ETF declines beyond 20%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered market participation securities
Underlying ETF:	iShares MSCI ACWI ETF
Amount:	$985,000
Maturity:	Nov. 16, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any ETF gain, subject to 20% cap; par if ETF falls by up to 20%; 1% loss for every 1% that ETF declines beyond 20%
Initial share price:	$57.80
Pricing date:	Nov. 10
Settlement date:	Nov. 16
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.45%
Cusip:	40433UCA2

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