New Issue: HSBC prices $3.18 million buffered AMPS due 2020 linked to S&P 500

By Susanna Moon

Chicago, Feb. 28 - HSBC USA Inc. priced $3.18 million of 0% buffered Accelerated Market Participation Securities due March 2, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.51 times any gain in the index.

Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying index:	S&P 500
Amount:	$3,177,000
Maturity:	March 2, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 151% of any index gain; par if index declines by 20% or less; 1% loss for every 1% drop beyond 20%
Initial level:	1,496.94
Pricing date:	Feb. 26
Settlement date:	Feb. 28
Agent:	HSBC Securities (USA) Inc.
Fees:	3.75%
Cusip:	40432XBZ3

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