New Issue: HSBC prices $980,000 leveraged capped notes linked to S&P 500

By Susanna Moon

Chicago, Oct. 17 – HSBC USA Inc. priced $980,000 of leveraged notes due April 6, 2018 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain, up to a maximum settlement amount of $1,225 per $1,000 of notes.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged capped notes
Underlying index:	S&P 500
Amount:	$980,000
Maturity:	April 6, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, capped at 22.5%; exposure to any losses
Initial level:	2,132.55
Pricing date:	Oct. 13
Settlement date:	Oct. 20
Underwriters:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UXP6

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