New Issue: HSBC prices $4.27 million market plus notes linked to Stoxx Europe 600

By Wendy Van Sickle

Columbus, Ohio, Jan. 13 – HSBC USA Inc. priced $4.27 million of 0% market plus notes due July 18, 2018 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index gains or falls by up to the 27% knock-out buffer, the payout at maturity will be par plus the greater of any gain and the contingent minimum return of 0%.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter, and J.P. Morgan Securities LLC and JPMorgan Chase Bank NA are the dealers.

Issuer:	HSBC USA Inc.
Issue:	Market plus notes
Underlying index:	Stoxx Europe 600
Amount:	$4,265,000
Maturity:	July 18, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus greater of index return and zero unless index falls by more than knock-out buffer, in which case full exposure to any losses
Initial level:	365.94
Knock-out buffer:	27%
Pricing date:	Jan. 13
Settlement date:	Jan. 19
Agent:	HSBC Securities (USA) Inc. with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
Fees:	1.25%
Cusip:	40433UL46

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