New Issue: HSBC prices $1.76 million 50/150 performance securities linked to S&P 500 Low Volatility

By Angela McDaniels

Tacoma, Wash., June 27 - HSBC USA Inc. priced $1.76 million of 0% 50/150 performance securities due June 28, 2019 linked to the S&P 500 Low Volatility index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is flat or positive, the payout at maturity will be par plus 150% of the index return.

If the index return is negative, investors will lose 0.5% for every 1% that the index declines.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	50/150 performance securities
Underlying index:	S&P 500 Low Volatility
Amount:	$1,763,000
Maturity:	June 28, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index stays flat or gains, par plus 150% of index return; otherwise, 0.5% loss for every 1% that index declines
Initial index level:	4,922.66
Pricing date:	June 25
Settlement date:	June 28
Agent:	HSBC Securities (USA) Inc.
Fees:	Up to 3.7%
Cusip:	40432XGL9

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