New Issue: HSBC prices $12.94 million accelerated return equity securities on index basket

By Sarah Lizee

Olympia, Wash., March 31 – HSBC USA Inc. priced $12.94 million of 0% accelerated return equity securities due May 28, 2021 linked to a basket of the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index and Nikkei Stock Average index with a 20% weight each, the Swiss Market index and S&P/ASX 200 index with a 7.5% weight each and the Hang Seng index with a 5% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus 3 times the return of the basket, capped at par plus 18.65%.

Investors will lose 1% for every 1% that the basket declines.

BofA Securities, Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated return equity securities
Basket components:	Euro Stoxx 50 index with a 40% weight, FTSE 100 index and Nikkei Stock Average index with a 20% weight each, Swiss Market index and S&P/ASX 200 index with a 7.5% weight each and Hang Seng index with a 5% weight
Amount:	$12,939,730
Maturity:	May 28, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If the basket return is positive, par plus 3 times the return of the basket, capped at par plus 18.65%; 1% loss for every 1% that the basket declines
Initial levels:	2,847.78 for Stoxx, 5,815.73 for FTSE, 18,664.60 for Nikkei, 9,203.98 for Swiss, 5,113.287 for S&P/ASX, 23,352.34 for Hang Seng
Pricing date:	March 26
Settlement date:	April 2
Underwriter:	BofA Securities, Inc.
Fees:	2%
Cusip:	40438J403

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