New Issue: HSBC prices $2.82 million buffered uncapped notes linked to S&P 500, iShares MSCI EAFE

By Angela McDaniels

Tacoma, Wash., March 8 - HSBC USA Inc. priced $2.82 million of 0% buffered uncapped market participation securities due March 13, 2017 linked to the S&P 500 index and the iShares MSCI EAFE index fund, according to a 424B2 with the Securities and Exchange Commission.

The index has an 80% weight in the basket, and the exchange-traded fund has a 20% weight.

The payout at maturity will be par plus 83% of any basket gain. Investors will receive par if the basket falls by up to 20% and will lose 1% for every 1% that it declines beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying components:	S&P 500 and iShares MSCI EAFE index fund
Amount:	$2,819,000
Maturity date:	March 13, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 83% of any basket gain; par if basket falls by up to 20%; 1% loss for every 1% basket decline beyond 20%
Initial levels:	1,544.26 for index and $59.26 for ETF
Pricing date:	March 7
Settlement date:	March 12
Agent:	HSBC Securities (USA) Inc.
Fees:	Up to 3.25%
Cusip:	40432XCN9

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