New Issue: HSBC sells $642,000 three-year barrier AMPS on Regional Banking ETF

By Marisa Wong

Morgantown, W.Va., July 6 – HSBC USA Inc. priced $642,000 of 0% barrier Accelerated Market Participation Securities due June 29, 2021 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 2 times any ETF gain, up to a maximum return of 37%.

Investors will receive par if the ETF falls by up to 20% and will lose 1% for every 1% decline below the initial price if the ETF falls by more than 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier Accelerated Market Participation Securities
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$642,000
Maturity:	June 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any ETF gain, up to 37% cap; par if ETF declines by 20% or less; otherwise, 1% loss per 1% drop below initial price
Initial price:	$63.46
Pricing date:	June 22
Settlement date:	June 29
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435FB89

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