New Issue: HSBC prices $2.17 million trigger performance notes tied to S&P 500

By Marisa Wong

Madison, Wis., Sept. 27 - HSBC USA Inc. priced $2.17 million of 0% trigger performance securities due Sept. 28, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 140% of the index return.

Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if it falls more than 40%.

HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Trigger performance securities
Underlying index:	S&P 500
Amount:	$2,168,250
Maturity:	Sept. 28, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 140% of any index gain; par if index falls by up to 40%; full exposure to losses from initial level if index finishes below trigger level
Initial index level:	1,692.77
Trigger level:	1,015.66, 60% of initial level
Pricing date:	Sept. 25
Settlement date:	Sept. 30
Underwriter:	HSBC Securities (USA) Inc. with UBS Financial Services Inc. as agent
Fees:	None
Cusip:	40433X225

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