New Issue: HSBC prices $2.03 million averaging notes linked to indexes, ETF

By Angela McDaniels

Tacoma, Wash., Feb. 26 - HSBC USA Inc. priced $2.03 million of 0% averaging notes due Aug. 28, 2018 linked to an equally weighted basket consisting of the S&P 500 index, the MSCI Singapore Free index and the WisdomTree India Earning fund, according to a 424B2 filing with the Securities and Exchange Commission.

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

Each basket component's final level will be the average of its closing levels on 22 quarterly observation dates.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Averaging notes
Underlying basket:	S&P 500 index, MSCI Singapore Free index and WisdomTree India Earning fund, equally weighted
Amount:	$2.03 million
Maturity:	Aug. 28, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus basket return, subject to minimum payout of par
Final level:	Average of basket component's closing levels on 22 quarterly observation dates
Trade date:	Feb. 22
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Underwriter:	HSBC Securities (USA) Inc.
Fees:	1.025%
Cusip:	40432XBQ3

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