New Issue: HSBC prices $1.41 million return enhanced notes linked to dollar versus euro

New York, July 6 – HSBC USA Inc. priced $1.4 million of 0% return enhanced notes due Jan. 7, 2016 linked to the dollar relative to the euro, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any gain in the currency, up to a maximum return of 8.4%.

Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as placement agent.

Issuer:	HSBC USA Inc.
Issue:	Return enhanced notes
Underlying currency:	Dollar relative to the euro
Amount:	$1,406,000
Maturity:	Jan. 7, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any currency gain, capped at 8.4%; exposure to any losses
Initial level:	1.1102
Pricing date:	July 1
Settlement date:	July 7
Underwriter:	HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC as placement agent
Fees:	4%
Cusip:	40433B3Y2

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