New Issue: HSBC prices $7.98 million airbag return optimization notes on Euro Stoxx

By Jennifer Chiou

New York, Oct. 31 - HSBC USA Inc. priced $7.98 million of 0% airbag return optimization securities due Oct. 31, 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the index's return is positive, the payout at maturity will be par plus 150% of the index's return, subject to a maximum return of 35.13%. Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that the index declines beyond 20%.

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

Issuer:	HSBC USA Inc.
Issue:	Airbag return optimization securities
Underlying index:	Euro Stoxx 50
Amount:	$7.98 million
Maturity:	Oct. 31, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	If index's return is positive, par plus 150% of index's return, capped at 35.13%; par if index declines by 20% or less; 1.25% loss for every 1% that index declines beyond 20%
Initial level:	3,050.64
Pricing date:	Oct. 29
Settlement date:	Oct. 31
Agents:	HSBC Securities (USA) Inc. with UBS Financial Services Inc.
Fees:	2.5%
Cusip:	40433X134

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