New Issue: HSBC prices $535,000 3.5-year barrier AMPS linked to Russell 2000

By Susanna Moon

Chicago, Aug. 26 – HSBC USA Inc. priced $535,000 of 0% barrier Accelerated Market Participation Securities due Feb. 28, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of 48%.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier Accelerated Market Participation Securities
Underlying index:	Russell 2000
Amount:	$535,000
Maturity:	Feb. 28, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 48%; par if index declines by 25% or less; full exposure to any losses if the index falls below barrier level
Initial level:	1,156,788
Barrier level:	75% of initial level
Pricing date:	Aug. 21
Settlement date:	Aug. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	2.35%
Cusip:	40433B4J4

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