New Issue: HSBC sells $496,000 buffered market participation notes on energy fund

By Marisa Wong

Morgantown, W.Va., July 31 – HSBC USA Inc. priced $496,000 of 0% Buffered Market Participation Securities due Oct. 29, 2018 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any fund gain, subject to a maximum return of 12%. Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% decline beyond the 10% buffer.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered Market Participation Securities
Underlying fund:	Energy Select Sector SPDR fund
Amount:	$496,000
Maturity:	Oct. 29, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any fund gain, up to 12% cap; par if fund declines by 10% or less; 1% loss per 1% drop beyond 10%
Initial price:	$64.99
Pricing date:	July 24
Settlement date:	July 27
Agent:	HSBC Securities (USA) Inc.
Fees:	1.275%
Cusip:	40435FCF2

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