New Issue: HSBC prices $971,000 leveraged buffered notes on PowerShares S&P 500Low Volatility

By Marisa Wong

Madison, Wis., Dec. 26 - HSBC USA Inc. priced $971,000 of 0% leveraged buffered uncapped market participation securities due Dec. 27, 20186linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par plus 105% of the ETF return. Investors will receive par if the fund falls by up to 10% and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered uncapped market participation securities
Underlying ETF:	PowerShares S&P 500 Low Volatility Portfolio
Amount:	$971,000
Maturity:	Dec. 27, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 105% of any fund gain; par if shares fall by up to 10%; 1% loss for every 1% decline beyond 10%
Initial share price:	$32.85
Pricing date:	Dec. 23
Settlement date:	Dec. 27
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40432XQV6

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