New Issue: HSBC prices $4.36 million AMPS linked to iShares FTSE China Large-Cap

By Angela McDaniels

Tacoma, Wash., Jan. 25 – HSBC USA Inc. priced $4.36 million of 0% Accelerated Market Participation Securities due Jan. 26, 2018 linked to the iShares FTSE China Large-Cap exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus double the ETF return, subject to a maximum return of 53.265%. Investors will have one-for-one downside exposure to any negative ETF return.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Market Participation Securities
Underlying ETF:	iShares FTSE China Large-Cap ETF
Amount:	$4,355,000
Maturity:	Jan. 26, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any ETF gain, up to maximum return of 53.265%; full exposure to any ETF decline
Initial share price:	$29.66
Pricing date:	Jan. 21
Settlement date:	Jan. 26
Agent:	HSBC Securities (USA) Inc.
Fees:	1.5%
Cusip:	40433UGH3

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