New Issue: HSBC prices $5.64 million three-year barrier market notes linked to S&P 500

By Susanna Moon

Chicago, Dec. 29 – HSBC USA Inc. priced $5.64 million of 0% barrier market participation notes s due Dec. 31, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.07 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:	S&P 500
Amount:	$318,000
Maturity:	Dec. 31, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 107% 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:	2,064.29
Barrier level:	75% of initial level
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Agent:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40433UEE2

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