New Issue: HSBC prices $6.97 million Accelerated Return Notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 12 – HSBC USA Inc. priced $6.97 million of 0% Accelerated Return Notes due Feb. 23, 2018 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 triple any index gain, up to a maximum return of 12.09%. Investors will be exposed to any index decline.

BofA Merrill Lynch is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Underlying index:	S&P 500
Amount:	$6,974,800
Maturity:	Feb. 23, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 12.09%; exposure to any index decline
Initial level:	2,246.19
Final index level:	Average of index’s closing levels on five trading days ending Feb. 20, 2018
Pricing date:	Dec. 8
Settlement date:	Dec. 16
Underwriters:	BofA Merrill Lynch
Fees:	2%
Cusip:	40435B221

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