New Issue: HSBC prices $15 million global participation notes linked to indexes

By Angela McDaniels

Tacoma, Wash., March 22 - HSBC USA Inc. priced $15 million of 0% global participation securities due March 27, 2019 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index with a 55% weight, the MSCI EAFE index with a 30% weight and the Russell 2000 index with a 15% weight.

The payout at maturity will be par plus 97.03% of the basket return, subject to a minimum payout of par.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Global participation securities
Underlying indexes:	S&P 500 (55% weight), MSCI EAFE (30% weight) and Russell 2000 (15% weight)
Amount:	$15 million
Maturity:	March 27, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 97.03% of basket return, subject to minimum payout of par
Initial index levels:	1,405.52 for S&P 500; 1,569.05 for MSCI EAFE; 829.24 for Russell 2000
Pricing date:	March 20
Settlement date:	March 27
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.2%
Cusip:	4042K1B28

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