New Issue: HSBC prices $933,000 buffered AMPS tied to Russell 2000

By Marisa Wong

Morgantown, W.Va., Dec. 7 – HSBC USA Inc. priced $933,000 of 0% buffered Accelerated Market Participation Securities due May 30, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 2 times the index gain, subject to a maximum return of 23.5%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying index:	Russell 2000
Amount:	$933,000
Maturity:	May 30, 2018
Coupon:	0%
Price:	Par of $1,000
Payout at maturity:	Par plus 2 times any index gain, subject to a maximum return of 23.5%; par if the index declines by 10% or less; 1% loss for every 1% that it declines beyond 10%
Initial level:	1,188.814
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	2.25%
Cusip:	40433UCY0

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