New Issue: HSBC prices $1.06 million contingent buffered notes tied to S&P 500

By Marisa Wong

Morgantown, W.Va., Oct. 25 – HSBC USA Inc. priced $1.06 million of 0% contingent buffered notes due Jan. 24, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

A knock-out event occurs if the final level is less than the initial level by more than 85%.

If a knock-out event has not occurred, the payout at maturity will be par plus a digital return of 8.6%. Otherwise, the payout will be par plus the index return with full exposure to losses.

HSBC Securities (USA) Inc. is the underwriter with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents.

Issuer:	HSBC USA Inc.
Issue:	Contingent buffered notes
Underlying index:	S&P 500
Amount:	$1,062,000
Maturity:	Jan. 24, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 8.6% unless final level is less than the initial level by more than 85%, in which case par plus the index return with full exposure to losses
Initial level:	2,141.16
Pricing date:	Oct. 21
Settlement date:	Oct. 26
Underwriter:	HSBC Securities (USA) Inc.
Placement agents:	JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC
Fees:	1.12%
Cusip:	40433UXY7

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