New Issue: HSBC prices $10.61 million Accelerated Return Notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., July 28 – HSBC USA Inc. priced $10.61 million of 0% Accelerated Return Notes due July 29, 2016 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The initial index level will be the lowest closing level of the index during the period beginning on the pricing date and ending Aug. 25.

If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum payout of par plus 18.91%. Investors will lose 1% for every 1% decline in the index.

BofA Merrill Lynch is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Accelerated Return Notes
Underlying index:	Russell 2000
Amount:	$10,611,040
Maturity:	July 29, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to maximum payout of par plus 18.91%; 1% loss for every 1% that index declines
Initial index level:	Index's lowest closing level from and including pricing date to and including Aug. 25
Final index level:	Average of index’s closing levels on five trading days ending July 26, 2016
Pricing date:	July 24
Settlement date:	July 31
Underwriter:	BofA Merrill Lynch
Fees:	2%
Cusip:	40434C329

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