New Issue: HSBC prices $1.85 million leveraged buffered notes linked to MSCI EAFE

By Susanna Moon

Chicago, Jan. 4 – HSBC USA Inc. priced $1.85 million of 0% leveraged buffered capped market participation securities due Jan. 4, 2019 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 $1,246 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 15% and will lose 1.1765% for each 1% decline beyond 15%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered capped market participation securities
Underlying index:	MSCI EAFE
Amount:	$1,846,000
Maturity:	Jan. 4, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.5 times any index gain, capped at 24.6%; par if index falls by up to 15%; 1.1765% loss for each 1% decline beyond 15%
Initial level:	1,675.30
Barrier level:	85% of initial level
Pricing date:	Dec. 29
Settlement date:	Jan. 6
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UJ72

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