New Issue: HSBC sells $1.95 million buffered market participation notes on S&P 500

By Devika Patel

Knoxville, Tenn., June 17 – HSBC USA Inc. priced $1.95 million of 0% buffered market participation securities with a cap due June 21, 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 any gain, subject to a maximum payout of 14%.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond the buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered market participation securities
Underlying index:	S&P 500
Amount:	$1.95 million
Maturity:	June 21, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus index gain, capped at 14%; par if index falls by up to 20%, otherwise 1% loss for each 1% decline beyond 20%
Initial level:	2,077.99
Pricing date:	June 16
Settlement date:	June 21
Agent:	HSBC Securities (USA) Inc.
Fees:	0.1%
Cusip:	40433UJZ0

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