New Issue: HSBC prices $2.83 million market plus notes linked to S&P 500 index

By Susanna Moon

Chicago, Jan. 3 – HSBC USA Inc. priced $2.83 million of 0% market plus notes due June 27, 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 83.5% knockout level, the payout at maturity will be par plus the greater of any index gain and zero.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent. J.P. Morgan Securities LLC is the placement agent.

Issuer:	HSBC USA Inc.
Issue:	Market plus notes
Underlying index:	S&P 500
Amount:	$2,829,000
Maturity:	June 27, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index finishes at or above the 83.5% knockout level, par plus the greater of any index gain and zero; otherwise, full exposure to any losses
Initial level:	2,263.79
Knock-out buffer:	16.5%
Pricing date:	Dec. 23
Settlement date:	Dec. 29
Agent:	HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC as placement agent
Fees:	1.25%
Cusip:	40433UJ56

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