New Issue: HSBC sells $2.39 million contingent buffered notes tied to Broadcom

By Susanna Moon

Chicago, May 22 – HSBC USA Inc. priced $2.39 million of 0% contingent buffered notes due May 30, 2019 linked to Broadcom Inc. stock, according to a 424B2 filed with the Securities and Exchange Commission.

If the stock finishes at or above its 80% threshold, the payout at maturity will be par plus the return of 14.45%.

If the stock falls by more than the contingent buffer, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.

Issuer:	HSBC USA Inc.
Issue:	Contingent buffered notes
Underlying asset:	Broadcom Inc. (Symbol: AVGO)
Amount:	$2,385,000
Maturity:	May 30, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If stock gains or falls by up to 20%, par plus 14.45%, otherwise, 1% loss for each 1% decline
Initial level:	$243.38
Contingent buffer:	20%
Pricing date:	May 11
Settlement date:	May 16
Agent:	HSBC Securities (USA) Inc. with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
Fees:	1%
Cusip:	40435FA72

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