New Issue: HSBC prices $663,000 buffered AMPS tied to iShares MSCI Emerging Markets

By Wendy Van Sickle

Columbus, Ohio, Oct. 2 – HSBC USA Inc. priced $663,000 of 0% buffered accelerated market participation securities due March 29, 2021 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any ETF gain, subject to a maximum return of 27.25%. Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered accelerated market participation securities
Underlying ETF:	iShares MSCI Emerging Markets ETF
Amount:	$663,000
Maturity:	March 29, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus double any ETF gain, subject to maximum return of 27.25%; par if ETF falls by 10% or less; 1% loss for every 1% decline beyond 10%
Initial index level:	$42.91
Pricing date:	Sept. 25
Settlement date:	Sept. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	2.525%
Cusip:	40435F2L0

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