New Issue: HSBC prices $1.06 million buffered performance plus notes on S&P 500

By Susanna Moon

Chicago, July 26 - HSBC USA Inc. priced $1.06 million of 0% buffered performance plus securities due July 28, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the gain and the minimum upside return of 25%.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered performance plus securities
Underlying index:	S&P 500
Amount:	$1,057,000
Maturity:	July 28, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus return, floor of 25%; par if index falls by up to 15%; 1% for every 1% drop beyond 15%
Initial level:	1,338.31
Pricing date:	July 24
Settlement date:	July 27
Agent:	HSBC Securities (USA) Inc.
Fees:	3.6%
Cusip:	4042K1V83

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