New Issue: HSBC prices $8.88 million buffered participation notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Oct. 25 – HSBC USA Inc. priced $8.88 million of 0% buffered participation securities due Jan. 25, 2018 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, subject to a maximum return of 8%.

Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond the 10% buffer.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered participation securities
Underlying index:	S&P 500
Amount:	$8,876,500
Maturity:	Jan. 25, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, subject to a maximum return of 8%; par if the index falls by up to 10%; 1% loss for every 1% decline beyond the 10% buffer
Initial index level:	2,141.16
Pricing date:	Oct. 21
Settlement date:	Oct. 26
Agent:	HSBC Securities (USA) Inc.
Fees:	2.13%
Cusip:	40435B528

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