New Issue: HSBC prices $838,000 7.8% airbag autocallables on Buffalo Wild Wings

By Marisa Wong

Morgantown, W.Va., Jan. 25 – HSBC USA Inc. priced $838,000 of 7.8% airbag autocallable yield notes due Jan. 25, 2018 linked to Buffalo Wild Wings, Inc. shares, according to a 424B2 filing with the Securities and Exchange Commission.

Interest will be payable monthly.

The notes will be called at par if the shares close at or above the initial price on any quarterly observation date.

The payout at maturity will be par unless the final share price is less than the conversion price, in which case the payout will be a number of Buffalo Wild Wings shares equal to $1,000 divided by the conversion price. The conversion price will be 85% of the initial share price.

HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.

Issuer:	HSBC USA Inc.
Issue:	Airbag autocallable yield notes
Underlying stock:	Buffalo Wild Wings, Inc. (Symbol: BWLD)
Amount:	$838,000
Maturity:	Jan. 25, 2018
Coupon:	7.8%, payable monthly
Price:	Par
Payout at maturity:	If final share price is less than conversion price, number of Buffalo Wild Wings shares equal to $1,000 divided by conversion price; otherwise, par
Call:	Automatically at par if stock closes at or above initial price on any quarterly observation date
Initial share price:	$151.10
Conversion price:	$128.44, 85% of initial price
Pricing date:	Jan. 20
Settlement date:	Jan. 25
Agents:	HSBC Securities (USA) Inc. and UBS Financial Services Inc.
Fees:	1.5%
Cusip:	40435C559

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