New Issue: HSBC sells $1.5 million limited loss notes linked to Hang Seng China

By Sarah Lizee

Olympia, Wash., April 1 – HSBC USA Inc. priced $1.5 million of zero-coupon 2% limited loss notes due April 4, 2022 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus any index gain, capped at par plus 25%.

If the index falls, the payout will be par plus the index return, subject to a minimum payment of $980 per $1,000 principal amount.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	2% limited loss notes
Underlying index:	Hang Seng China Enterprises index
Amount:	$1.5 million
Maturity:	April 4, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain, capped at par plus 25%; if the index falls, par plus the index return, subject to a minimum payment of 98% of par
Initial value:	11,294.81
Pricing date:	March 28
Settlement date:	April 2
Agent:	HSBC Securities (USA) Inc.
Fees:	1.25%
Cusip:	40435UJQ8

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