New Issue: HSBC prices $752,000 barrier AMPS due 2018 linked to S&P 500

By Susanna Moon

Chicago, April 22 – HSBC USA Inc. priced $752,000 of 0% barrier Accelerated Market Participation Securities due Oct. 24, 2018 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 1.5 times any gain in the index, up to a maximum return of 40%.

Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Barrier Accelerated Market Participation Securities
Underlying index:	S&P 500
Amount:	$752,000
Maturity:	Oct. 24, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 150% of any index gain, capped at 40%; par if index declines by 25% or less; full exposure to any losses if the index falls below barrier level
Initial level:	2,081.18
Barrier level:	75% of initial level
Pricing date:	April 17
Settlement date:	April 24
Agent:	HSBC Securities (USA) Inc.
Fees:	2.35%
Cusip:	40433BJ41

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