New Issue: HSBC prices $904,000 market plus notes linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., Oct. 18 – HSBC USA Inc. priced $904,000 of 0% market plus notes due April 18, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the 80.5% knockout level, the payout at maturity will be par plus the greater of any index gain and zero.

Otherwise, investors will lose 1% for each 1% decline.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the agents.

Issuer:	HSBC USA Inc.
Issue:	Market plus notes
Underlying index:	S&P 500
Amount:	$904,000
Maturity:	April 18, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above the 80.5% knockout level, par plus the greater of any index gain and zero; otherwise, 1% loss for each 1% decline
Initial level:	2,132.98
Knock-out buffer:	19.5%
Pricing date:	Oct. 14
Settlement date:	Oct. 19
Agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.25%
Cusip:	40433UXT8

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