New Issue: HSBC prices $1.23 million trigger performance notes tied to S&P 500

By Marisa Wong

Madison, Wis., April 29 - HSBC USA Inc. priced $1.23 million of 0% trigger performance securities due April 30, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 155% of the index return.

Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if it falls more than 25%.

HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as agent.

Issuer:	HSBC USA Inc.
Issue:	Trigger performance securities
Underlying index:	S&P 500
Amount:	$1,229,910
Maturity date:	April 30, 2019
Coupon:	0%
Price:	Par of $10.00
Payout at maturity:	Par plus 155% of index return if index gains; par if index falls by up to 25%; otherwise, full exposure to losses
Initial level:	1,863.40
Trigger level:	1,397.55, 75% of the initial price
Pricing date:	April 25
Settlement date:	April 30
Underwriter:	HSBC Securities (USA) Inc. with UBS Financial Services Inc. as agent
Fees:	None
Cusip:	40434C758

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