New Issue: HSBC prices $638,000 leveraged buffered notes on low volatility ETF

By Marisa Wong

Morgantown, W.Va., Oct. 6 – HSBC USA Inc. priced $638,000 of 0% leveraged buffered uncapped market participation securities due Sept. 30, 2021 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par plus 120% of the fund gain. Investors will receive par if the fund falls by up to 15% and lose 1% for every 1% decline in the fund beyond 15%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered uncapped market participation securities
Underlying ETF:	PowerShares S&P 500 Low Volatility Portfolio ETF
Amount:	$638,000
Maturity:	Sept. 30, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If fund return is positive, par plus 120% of the fund return; par if fund falls by up to 15%; 1% loss for every 1% decline in fund beyond 15%
Initial price:	$41.85
Pricing date:	Sept. 27
Settlement date:	Sept. 30
Underwriters:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40433UUG9

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