New Issue: HSBC sells $4.34 million of jump securities linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., March 2 – HSBC USA Inc. priced $4.34 million of 0% jump securities due March 5, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus 24.2%. If the index finishes below the initial level, investors will be fully exposed to the decline.

HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	HSBC USA Inc.
Issue:	Jump securities
Underlying index:	S&P 500
Amount:	$4,338,700
Maturity:	March 5, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive or flat, par plus 24.2%; exposure to losses
Initial index level:	1,932.23
Pricing date:	Feb. 29
Settlement date:	March 3
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40434N812

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