New Issue: HSBC sells $18.12 million Leveraged Index Return Notes tied to S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 1 – HSBC USA Inc. sold $18.12 million of 0% Leveraged Index Return Notes due May 28, 2021 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 of $10 plus 121.15% of any index gain.

Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% the index falls beyond 20%.

BofA Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Leveraged Index Return Notes
Underlying index:	S&P 500
Amount:	$18,121,010
Maturity:	May 28, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 121.15% of any index gain; par if index declines by up to 20%; 1% loss for each loss beyond 20%
Initial level:	2,090.10
Pricing date:	May 26
Settlement date:	June 3
Agent:	BofA Merrill Lynch
Fees:	2.5%
Cusip:	40434N275

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