New Issue: HSBC prices $1.17 million barrier market participation notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Oct. 3 – HSBC USA Inc. priced $1.17 million of 0% barrier market participation notes due April 6, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus the index return up to a maximum return of 15.25%. Investors will receive par if the index falls by 30% or less and will be fully exposed to the index’s decline if it falls by more than 30%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier market participation notes
Underlying index:	S&P 500
Amount:	$1,165,000
Maturity date:	April 6, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain up to maximum return of 15.25%; if index falls by up to 30%, par; if index falls by more than 30%, full exposure to losses
Initial level:	2,168.27
Pricing date:	Sept. 30
Settlement date:	Oct. 6
Agent:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40433UXB7

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