New Issue: HSBC prices $368,000 buffered market notes on Energy Select Sector fund

By Marisa Wong

Madison, Wis., Dec. 26 – HSBC USA Inc. priced $368,000 of 0% buffered market participation securities due Dec. 26, 2017 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is greater than zero, the payout at maturity will be par plus the fund return, subject to a maximum return of 65%. Investors will receive par if the fund declines by up to 10% and will lose 1% for every 1% that the fund declines beyond the 10% buffer.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered market participation securities
Underlying ETF:	Energy Select Sector SPDR fund
Amount:	$368,000
Maturity:	Dec. 26, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is greater than zero, par plus fund return, capped at 65%; par if fund declines by up to 10%; 1% loss for every 1% drop beyond 10%
Initial price:	$79.75
Pricing date:	Dec. 22
Settlement date:	Dec. 26
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433BVN5

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