New Issue: HSBC prices $5.38 million market-linked notes with leveraged upside tied to Russell

By Wendy Van Sickle

Columbus, Ohio, Jan. 6 – HSBC USA Inc. priced $5.38 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Jan. 4, 2018 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 2 times any index gain, up to a maximum return of 12.2%.

Investors will receive par if the index falls by up to 7.5% and will be exposed to any losses beyond 7.5%.

HSBC Securities (USA) Inc. and Wells Fargo Securities, LLC are the agents.

Issuer:	HSBC USA Inc.
Issue:	Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
Underlying index:	Russell 2000
Amount:	$5,378,000
Maturity:	Jan. 4, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at 12.2%; par if index falls by up to 7.5%; otherwise, 1% loss per 1% drop beyond 7.5%
Initial level:	1,387.954
Pricing date:	Jan. 4
Settlement date:	Jan. 10
Agents:	HSBC Securities (USA) Inc. and Wells Fargo Securities LLC
Fees:	0.24%
Cusip:	40433UK54

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