New Issue: HSBC prices $383,000 buffered uncapped market participation securities linked to index basket

By Wendy Van Sickle

Columbus, Ohio, July 1 – HSBC USA Inc. priced $383,000 of 0% buffered uncapped market participation securities due June 28, 2019 linked to a basket containing the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 30% weight and the Russell 2000 index with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.1 times any basket gain. Investors will receive par if the basket declines by up to 10% and will have 1-to-1 exposure to any declines beyond 10%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered uncapped market participation securities
Basket components:	S&P 500 index, 50% weight; Euro Stoxx 50 index, 30% weight; and Russell 2000 index, 20% weight
Amount:	$383,000
Maturity:	June 28, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If basket return is positive, par plus 1.1 times return; par if basket falls by up to 10%; 1% loss for every 1% decline in basket beyond 10%
Initial index levels:	2,000.54 for S&P, 2,697.44 for Stoxx and 1,089.646 for Russell
Pricing date:	June 27
Settlement date:	June 30
Underwriters:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UPC4

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