New Issue: HSBC prices $10.75 million trigger performance notes tied to Euro Stoxx

By Toni Weeks

San Luis Obispo, Calif., Feb. 28 - HSBC USA Inc. priced $10.75 million of 0% trigger performance securities due Feb. 28, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 161% of the index return.

Investors will receive par if the index falls by 25% or less and will be fully exposed to losses from the initial level if it falls by more than 25%.

HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as agent.

Issuer:	HSBC USA Inc.
Issue:	Trigger performance securities
Underlying index:	Euro Stoxx 50
Amount:	$10,745,000
Maturity:	Feb. 28, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 161% of any index gain; par if index falls by 25% or less; full exposure to losses if index finishes below trigger level
Initial index level:	3,148.19
Trigger level:	2,361.14, 75% of initial level
Pricing date:	Feb. 26
Settlement date:	Feb. 28
Underwriter:	HSBC Securities (USA) Inc. with UBS Financial Services Inc. as agent
Fees:	3%
Cusip:	40434B214

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