New Issue: HSBC prices $1.54 million 50/150 performance securities tied to S&P 500 Low Volatility

By Toni Weeks

San Luis Obispo, Calif., Jan. 30 - HSBC USA Inc. priced $1.54 million of 0% 50/150 performance securities due Aug. 2, 2018 linked to the S&P 500 Low Volatility index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is flat or positive, the payout maturity will be par plus 150% of the index return.

If the index return is negative, investors will be exposed to 50% of the decline in the index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	50/150 performance securities
Underlying index:	S&P 500 Low Volatility
Amount:	$1,541,000
Maturity:	Aug. 2, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index stays flat or gains, par plus 150% of index return; otherwise, exposure to 50% of index decline
Initial level:	4,644.27
Pricing date:	Jan. 28
Settlement date:	Jan. 31
Agent:	HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	40432X6P1

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