New Issue: HSBC prices $4.3 million leveraged buffered capped notes on S&P 500

By Sarah Lizee

Olympia, Wash., March 1 – HSBC USA Inc. priced $4.3 million of 0% leveraged buffered capped notes due May 6, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,146.10 per $1,000 principal amount.

Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered capped notes
Underlying index:	S&P 500
Amount:	$4,299,000
Maturity:	May 6, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 150% of index return, subject to maximum settlement amount of $1,146.10 per $1,000 principal amount; par if index declines by 10% or less; 1.1111% loss for every 1% that index declines beyond 10%
Initial index level:	2,792.38
Pricing date:	Feb. 27
Settlement date:	March 6
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40435UGS7

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