New Issue: HSBC prices $8.15 million trigger performance notes tied to S&P 500

By Toni Weeks

San Luis Obispo, Calif., July 30 – HSBC USA Inc. priced $8.15 million of 0% trigger performance securities due July 31, 2019 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus 127% of the index return.

Investors will receive par if the index falls by 25% or less and will be fully exposed to losses from the initial level if it falls by 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:	$8,149,380
Maturity:	July 31, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 127% of any index gain; par if index falls by 25% or less; full exposure to losses if index finishes below trigger level
Initial index level:	1,978.91
Trigger level:	1,484.18, 75% of initial level
Pricing date:	July 28
Settlement date:	July 31
Underwriter:	HSBC Securities (USA) Inc. with UBS Financial Services Inc. as agent
Fees:	3.5%
Cusip:	40434C220

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