New Issue: HSBC sells $15.54 million Leveraged Index Return Notes tied to Russell 2000

By Susanna Moon

Chicago, March 8 – HSBC USA Inc. sold $15.54 million of 0% Leveraged Index Return Notes due Feb. 28, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any index gain, up to a capped return of 17.28%.

Investors will receive par if the index falls up to 10% and will be exposed to any losses beyond the buffer.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged Index Return Notes
Underlying index:	Russell 2000
Amount:	$15,535,850
Maturity:	Feb. 28, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any index gain capped at 17.28%; par if index falls by up to 10% and exposure to losses beyond 10%
Initial level:	1,529.987
Pricing date:	Feb. 22
Settlement date:	March 1
Agent:	BofA Merrill Lynch
Fees:	2%
Cusip:	40435J364

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