New Issue: HSBC prices $134.79 million Accelerated Return Notes linked to S&P 500 index

By Wendy Van Sickle

Columbus, Ohio, Aug. 29 – HSBC USA Inc. priced $134.79 million of 0% Accelerated Return Notes due Oct. 27, 2017 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 of $10 plus 300% of any index gain, subject to a maximum return of 11.76%. Investors will be exposed to any index decline.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Underlying index:	S&P 500
Amount:	$134,787,360
Maturity:	Oct. 27, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 11.76%; exposure to any index decline
Initial level:	2,172.47
Final index level:	Average of index’s closing levels on five trading days ending Oct. 24, 2017
Pricing date:	Aug. 25
Settlement date:	Sept. 1
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	40434V343

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