New Issue: HSBC prices $14.56 million leveraged buffered notes tied to MSCI EAFE

By Devika Patel

Knoxville, Tenn., June 16 – HSBC USA Inc. priced $14.56 million of 0% leveraged buffered capped notes due June 19, 2018 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,300 per $1,000 of notes.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond the 10% buffer.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered capped notes
Underlying index:	MSCI EAFE
Amount:	$14,555,000
Maturity:	June 19, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, up to $1,300 per $1,000 of notes; par if index falls by up to 10%; 1.1111% loss for every 1% decline beyond 10% buffer
Initial level:	1,576.22
Buffer level:	90% of initial level
Pricing date:	June 14
Settlement date:	June 21
Agent:	HSBC Securities (USA) Inc.
Fees:	2%
Cusip:	40433UPT7

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