New Issue: HSBC prices $1.87 million dual directional contingent buffered notes on Euro Stoxx 50

By Susanna Moon

Chicago, Sept. 23 – HSBC USA Inc. priced $1.87 million of 0% dual directional contingent buffered equity notes due March 29, 2017 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus the return, up to a maximum return of 18.15%.

If the index falls by up to 18.15%, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent with distribution through J.P. Morgan Securities LLC.

Issuer:	HSBC USA Inc.
Issue:	Dual directional contingent buffered equity notes
Underlying index:	Euro Stoxx 50
Amount:	$1,872,000
Maturity:	March 29, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus return, capped at 18.15%; if index falls by up to 18.15%, par plus absolute value of return; otherwise, full exposure to any losses
Initial level:	3,157.30
Contingent buffer:	18.15%
Pricing date:	Sept. 18
Settlement date:	Sept. 23
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UAK2

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