New Issue: HSBC prices $2 million barrier market participation securities on Russell 2000

By Angela McDaniels

Tacoma, Wash., Dec. 16 – HSBC USA Inc. priced $2 million of 0% barrier market participation securities due June 18, 2018 linked to the Russell 2000 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 plus the index return, subject to a maximum return of 25%. Investors will receive par if the index falls by up to 20%. Otherwise, investors will be fully exposed to the index’s decline from its initial level.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier market participation securities
Underlying index:	Russell 2000
Amount:	$2 million
Maturity:	June 18, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at 25%; par if index declines by 20% or less; full exposure to losses if index falls beyond 20%
Initial index level:	1,373.534
Pricing date:	Dec. 13
Settlement date:	Dec. 16
Agent:	HSBC Securities (USA) Inc.
Fees:	1%
Cusip:	40433UA55

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