New Issue: HSBC prices $274,000 averaging notes linked to Asian index basket

By Angela McDaniels

Tacoma, Wash., Jan. 28 - HSBC USA Inc. priced $274,000 of 0% averaging notes due Jan. 30, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes equal weights of the Hang Seng index, the Taiwan Stock Exchange Capitalization Weighted Stock index, the Korea Composite Stock Price Index 200 and the MSCI Singapore Free index.

The payout at maturity will be par plus the basket return, subject to a minimum payout of par.

When calculating the basket return, each index's final level will be the average of its closing levels on 24 quarterly observation dates.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Averaging notes
Underlying indexes:	Hang Seng, Taiwan Stock Exchange Capitalization Weighted Stock, Korea Composite Stock Price 200 and MSCI Singapore Free, equally weighted
Amount:	$274,000
Maturity:	Jan. 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus basket return, subject to minimum payout of par
Initial index levels:	23,580.43 for Hang Seng; 7,672.58 for Taiwan index; 256.06 for Korea index; 366.14 for Singapore index
Final index levels: Average of index's closing levels on 24 quarterly observation dates
Trade date:	Jan. 24
Pricing date:	Jan. 25
Settlement date:	Jan. 30
Underwriter:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40432X5N7

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