New Issue: HSBC prices $250,000 barrier market participation notes tied to Russell

By Marisa Wong

Morgantown, W.Va., Dec. 7 – HSBC USA Inc. priced $250,000 of 0% barrier market participation notes due Nov. 30, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus 103% of the index return. Investors will receive par if the index falls by 25% or less and will be fully exposed to the index’s decline if it falls by more than 25%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier market participation notes
Underlying index:	Russell 2000
Amount:	$250,000
Maturity date:	Nov. 30, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 103% of any index gain; if index falls by up to 25%, par; if index falls by more than 25%, full exposure to losses
Initial level:	1,188.814
Pricing date:	Nov. 24
Settlement date:	Nov. 30
Agent:	HSBC Securities (USA) Inc.
Fees:	0.25%
Cusip:	40433UCS3

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