New Issue: HSBC prices $1.54 million buffered uncapped market participation securities on S&P 500

By Jennifer Chiou

New York, Sept. 26 - HSBC USA Inc. priced $1.54 million of 0% buffered uncapped market participation securities due March 27, 2017 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 any index gain. Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% that it declines, if any, beyond 15%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	S&P 500
Amount:	$1,536,000
Maturity date:	March 27, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index falls by up to 15%; 1% loss for every 1% that index declines, if any, beyond 15%
Initial index level:	1,697.42
Pricing date:	Sept. 24
Settlement date:	Sept. 27
Agent:	HSBC Securities (USA) Inc.
Fees:	Up to 0.5%
Cusip:	40432XKL4

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