New Issue: HSBC prices $1.34 million buffered performance plus notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Nov. 12 – HSBC USA Inc. priced $1.34 million of 0% buffered performance plus securities due Nov. 16, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is greater than or equal to zero, the payout at maturity will be par plus the greater of the index return and 42%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Buffered performance plus securities
Underlying index:	S&P 500
Amount:	$1,336,000
Maturity:	Nov. 16, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is greater than or equal to zero, par plus greater of index return and 42%; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	2,081.72
Pricing date:	Nov. 10
Settlement date:	Nov. 16
Underwriter:	HSBC Securities (USA) Inc.
Fees:	0.6%
Cusip:	40433UBY1

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