HSBC plans lookback return enhanced notes linked to SPDR S&P Bank ETF

New York, July 19 – HSBC USA Inc. plans to price 0% lookback return enhanced notes due Aug. 8, 2018 linked to the SPDR S&P Bank exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the final level of the ETF is higher than the initial level, investors will receive par plus 150% of the gain, up to a maximum payout of par plus 17.475%.

Investors are fully exposed to any decline in the ETF.

The initial level will be the lowest closing price in the observation period of July 21, July 24, July 25, July 26, July 27 and July 28.

The notes will price on July 21 and settle on July 26.

J.P. Morgan Securities Inc. is the agent.

The Cusip number is 40435FCK1.

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