New Issue: HSBC prices $46.01 million Accelerated Return Notes on basket of financial stocks

By Marisa Wong

Los Angeles, March 5 – HSBC USA Inc. priced $46.01 million of 0% Accelerated Return Notes due April 30, 2021 linked to an equally weighted basket of three financial sector stocks, according to a 424B2 filing with the Securities and Exchange Commission.

The basket is comprised of the common stocks of Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley.

The payout at maturity will be par of $10 plus triple any basket gain, up to a maximum return of 24.6%. Investors will be exposed to any basket decline.

BofA Securities, Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Underlying basket stocks: Citigroup Inc. (Symbol: C), JPMorgan Chase & Co. (Symbol: JPM) and Morgan Stanley (Symbol: MS); equally weighted
Amount:	$46,013,480
Maturity:	April 30, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any basket gain, capped at par plus 24.6%; exposure to any basket decline
Initial share prices:	$64.45 for Citigroup, $121.37 for JPMorgan, $45.41 for Morgan Stanley
Pricing date:	Feb. 27
Settlement date:	March 5
Underwriter:	BofA Securities, Inc.
Fees:	2%
Cusip:	40438B137

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