New Issue: HSBC sells $7 million buffered AMPS linked to Russell 2000, S&P 500

By Wendy Van Sickle

Columbus, Ohio, Feb. 9 – HSBC USA Inc. priced $7 million of 0% buffered Accelerated Market Participation Securities due May 3, 2021 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the lesser performing index is at least negative 11%, the payout at maturity will be a positive return equal to par plus 1.075 times the sum of 11% plus the return of the lesser performing index, up to a maximum return of 43%.

Otherwise, investors will lose 1% for each 1% decline of the lesser performing index beyond 1%.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Buffered Accelerated Market Participation Securities
Underlying indexes:	Russell 2000, S&P 500
Amount:	$7 million
Maturity:	May 3, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If return of lesser performing index is at least negative 11%, par plus 1.075 times sum of 11% plus return of lesser performing index, up to maximum return of 43%.; 1% loss per 1% drop of laggard index beyond 11%
Initial levels:	1,547.273 for Russell, 2,762.13 for S&P
Pricing date:	Feb. 2
Settlement date:	Feb. 7
Agent:	HSBC Securities (USA) Inc.
Fees:	1%
Cusip:	40435FTS6

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