New Issue: HSBC prices $11.36 million Accelerated Return Notes on oil & gas index

By Marisa Wong

Morgantown, W.Va., Nov. 16 – HSBC USA Inc. priced $11.36 million of 0% Accelerated Return Notes due Nov. 30, 2018 linked to the S&P Oil & Gas Exploration & Production Select Industry 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 300% of the index return, subject to a maximum return of 75.9%. Investors will lose 1% for every 1% decline in the index.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Underlying index:	S&P Oil & Gas Exploration & Production Select Industry index
Amount:	$11,359,730
Maturity:	Nov. 30, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to return cap of 75.9%; 1% loss for every 1% decline
Initial index level:	5,526.66
Pricing date:	Nov. 12
Settlement date:	Nov. 19
Underwriters:	BofA Merrill Lynch
Fees:	2.25%
Cusip:	40434K537

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