New Issue: HSBC prices $1.56 million two-year buffered AMPS linked to EM ETF

By Sarah Lizee

Olympia, Wash., Nov. 5 – HSBC USA Inc. priced $1.56 million of 0% buffered Accelerated Market Participation Securities due Nov. 5, 2020 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 200% of any ETF gain, subject to a maximum return of 25.6%. Investors will receive par if the ETF finishes flat or falls by up to 10% and lose 1% for each 1% ETF decline beyond the 10% buffer.

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:	$1,556,000
Maturity:	Nov. 5, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any ETF gain, subject to maximum return of 25.6%; par if ETF finishes flat or falls by 10% or less; 1% loss for every 1% decline beyond 10%
Initial level:	$39.16
Pricing date:	Oct. 31
Settlement date:	Nov. 5
Agent:	HSBC Securities (USA) Inc.
Fees:	0.5%
Cusip:	40435F4H7

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