New Issue: HSBC prices $530,000 performance barrier notes linked to Asian indexes

By Angela McDaniels

Tacoma, Wash., May 29 - HSBC USA Inc. priced $530,000 of 0% performance barrier notes due Nov. 30, 2017 linked to a basket of equally weighted indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The underlying indexes are the Hang Seng China Enterprises index, the Korea Composite Stock Price Index 200 and the MSCI Taiwan index.

If the basket return is positive, the payout at maturity will be par plus 130% of the basket return. If the basket declines by 25% or less, the payout will be par. Investors will be fully exposed to the decline if the basket falls by more than 25%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Performance barrier notes
Underlying indexes:	Hang Seng China Enterprises index, . Korea Composite Stock Price Index 200 and MSCI Taiwan index, equally weighted
Amount:	$530,000
Maturity:	Nov. 30, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 130% of basket return; if basket declines by 25% or less, par; full exposure to decline if basket falls by more than 25%
Initial levels:	10,082.85 for China index; 260.36 for Korea index; 324.96 for Taiwan index
Pricing date:	May 27
Settlement date:	May 30
Underwriter:	HSBC Securities (USA) Inc.
Fees:	2.75%
Cusip:	40433BBC1

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