New Issue: HSBC prices $836,000 barrier market participation notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Oct. 30 – HSBC USA Inc. priced $836,000 of 0% barrier market participation notes due Oct. 30, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus 102% of the index return. Investors will receive par if the index falls by 25% or less and will be fully exposed to the index’s decline if it falls by more than 25%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier market participation notes
Underlying index:	S&P 500
Amount:	$836,000
Maturity date:	Oct. 30, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 102% of any index gain; if index falls by up to 25%, par; if index falls by more than 25%, full exposure to losses
Initial level:	2,065.89
Pricing date:	Oct. 27
Settlement date:	Oct. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40433UBE5

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