New Issue: HSBC sells $3.22 million four-year Stars tied to three financial stocks

By Wendy Van Sickle

Columbus, Ohio, July 27 – HSBC USA Inc. priced $3.22 million of 0% Strategic Accelerated Redemption Securities due July 30, 2021 linked to the worst performing of the common stocks of Citigroup Inc., Goldman Sachs Group, Inc. and JPMorgan Chase & Co., according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par of $10 plus an annualized call premium of 19.6% if each stock closes at or above its initial price on an annual observation date.

If the notes are not called, investors will lose 1% for every 1% decline of the least performing stock below its initial price.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Strategic Accelerated Redemption Securities
Underlying stocks:	Citigroup Inc., Goldman Sachs Group, Inc. and JPMorgan Chase & Co.
Amount:	$3,221,000
Maturity:	July 30, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	1% loss for every 1% decline of least performing stock
Call:	At par plus 19.6% per year if each stock closes at or above initial price on annual observation date
Initial prices:	$70.21 for Citi, $233.76 for Goldman, $113.35 for JPMorgan
Pricing date:	July 23
Settlement date:	July 30
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	40435X736

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