New Issue: HSBC prices $1.93 million 50/150 performance notes tied to S&P 500 Low Volatility

By Susanna Moon

Chicago, July 30 - HSBC USA Inc. priced $1.93 million of 0% 50/150 performance securities due July 31, 2019 linked to the S&P 500 Low Volatility index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above the initial level, the payout at maturity will be par plus 150% of any index gain.

Otherwise, investors will lose 0.5% for every 1% decline in the index.

HSBC Securities (USA) Inc. is the agent.

Issuer:	HSBC USA Inc.
Issue:	50/150 performance securities
Underlying index:	S&P 500 Low Volatility
Amount:	$1,929,000
Maturity:	July 31, 2019
Coupon:	0%
Price:	Par
Payout at maturity:	If index stays flat or gains, par plus 150% of gain; otherwise, 0.5% loss for every 1% decline
Initial index level:	5,225.93
Pricing date:	July 26
Settlement date:	July 31
Agent:	HSBC Securities (USA) Inc.
Fees:	3.7%
Cusip:	40432XHJ3

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