New Issue: HSBC prices $11.87 million 5.5% buffered notes linked to Russell 2000, S&P 500

By Angela McDaniels

Tacoma, Wash., Dec. 16 – HSBC USA Inc. priced $11.87 million of 5.5% buffered fixed-rate notes due June 19, 2017 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable quarterly.

If the return of the lesser-performing index is greater than or equal to negative 20%, the payout at maturity will be par. Otherwise, investors will lose 1.25% for every 1% that the lesser-performing index declines beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered fixed-rate notes
Underlying indexes:	Russell 2000 and S&P 500
Amount:	$11,866,000
Maturity:	June 19, 2017
Coupon:	5.5%, payable quarterly
Price:	Par
Payout at maturity:	If return of lesser-performing index is greater than or equal to negative 20%, par; otherwise, 1.25% loss for every 1% that lesser-performing index declines beyond 20%
Initial levels:	1,131.552 for Russell 2000 and 2,043.41 for S&P 500
Pricing date:	Dec. 15
Settlement date:	Dec. 18
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.05%
Cusip:	40433UFD3

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