New Issue: HSBC prices $4.75 million one-year return enhanced notes linked to Topix

By Wendy Van Sickle

Columbus, Ohio, Jan. 17 – HSBC USA Inc. priced $4.75 million of 0% return enhanced notes due Jan. 30, 2019 linked to the Topix 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 1.5 times the index gain, subject to a maximum return of 29.505%. If the index return is negative, investors will have one-to-one exposure to the decline.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Return enhanced notes
Underlying index:	Topix
Amount:	$4.75 million
Maturity:	Jan. 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus 1.5 times gain, return capped at 29.505%; if index return is negative, one-to-one exposure to decline
Initial index level:	1,876.24
Pricing date:	Jan. 12
Settlement date:	Jan. 18
Agent:	HSBC Securities (USA) Inc.
Fees:	1%
Cusip:	40435FRN9

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