New Issue: HSBC prices $591,000 uncapped AMPS tied to S&P 500 Low Volatility

By Marisa Wong

Madison, Wis., May 28 - HSBC USA Inc. priced $591,000 of 0% uncapped Accelerated Market Participation Securities due May 31, 2016 linked to the S&P 500 Low Volatility index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.9 times any index gain. Investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	Uncapped Accelerated Market Participation Securities
Underlying index:	S&P 500 Low Volatility index
Amount:	$591,000
Maturity:	May 31, 2016
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 1.9 times any index gain; full exposure to losses
Initial level:	5,129.98
Pricing date:	May 23
Settlement date:	May 29
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40432XFD8

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