New Issue: HSBC prices $180,000 three-year barrier market notes linked to Russell

By Susanna Moon

Chicago, Dec. 29 – HSBC USA Inc. priced $180,000 of 0% barrier market participation notes due Dec. 31, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.03 times any index gain.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier market participation notes
Underlying index:	Russell 2000
Amount:	$180,000
Maturity:	Dec. 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 103% of any index gain; if index falls by up to 25%, par; if index falls by more than 25%, full exposure to any losses
Initial level:	1,152.817
Barrier level:	75% of initial level
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UEF9

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