New Issue: HSBC prices $1.82 million buffered uncapped market participation notes on S&P 500

By Jennifer Chiou

New York, April 24 - HSBC USA Inc. priced $1,824,000 of 0% buffered uncapped market participation securities due April 25, 2019 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 gain in the index.

Investors will receive par if the index falls by up to 17% and will lose 1% for every 1% decline beyond 17%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Underlying index:	S&P 500
Amount:	$1,824,000
Maturity date:	April 25, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any index gain; par if index falls by up to 17%; 1% loss for every 1% drop beyond 17%
Initial index level:	1,879.55
Pricing date:	April 22
Settlement date:	April 25
Agent:	HSBC Securities (USA) Inc.
Fees:	3.5%
Cusip:	40432XXY2

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