New Issue: HSBC prices $5.45 million leveraged buffered notes tied to MSCI EAFE

By Marisa Wong

Morgantown, W.Va., July 19 – HSBC USA Inc. priced $5.45 million of 0% leveraged buffered capped notes due Jan. 17, 2018 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,199.50 per $1,000 of notes.

Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for every 1% decline beyond the 12.5% buffer.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered capped notes
Underlying index:	MSCI EAFE
Amount:	$5,451,000
Maturity:	Jan. 17, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, up to $1,199.50 per $1,000 of notes; par if index falls by up to 12.5%; 1.1429% loss for every 1% decline beyond 12.5% buffer
Initial level:	1,650.14
Pricing date:	July 15
Settlement date:	July 22
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433URL2

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