New Issue: HSBC prices $8.28 million leveraged buffered notes linked to S&P 500

By Angela McDaniels

Tacoma, Wash., Aug. 12 – HSBC USA Inc. priced $8.28 million of 0% leveraged buffered capped notes due April 27, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus 140% of the index return, up to a maximum return of 20.79%. Investors will receive par if the index falls by 12.5% or less and will lose 1.1429% for every 1% that it may decline beyond 12.5%.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered capped notes
Underlying index:	S&P 500
Amount:	$8,281,000
Maturity:	April 27, 2018
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 140% of any index gain, up to maximum return of 20.79%; par if index falls by 12.5% or less; 1.1429% loss for every 1% that index may decline beyond 12.5%
Initial level:	2,175.49
Pricing date:	Aug. 10
Settlement date:	Aug. 17
Underwriters:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40433UTK2

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