New Issue: HSBC prices $3.02 million buffered market participation notes on S&P MidCap 400

By Marisa Wong

Madison, Wis., June 3 - HSBC USA Inc. priced $3.02 million of 0% buffered market participation securities due June 2, 2017 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus the index return, subject to a maximum return of 55%.

Investors will receive par if the index declines by up to the 25% buffer amount and will lose 1.3333% for every 1% that the index declines beyond the buffer.

HSBC Securities (USA) Inc. is the underwriter.

Issuer:	HSBC USA Inc.
Issue:	Leveraged buffered market participation securities
Underlying index:	S&P MidCap 400 index
Amount:	$3,018,000
Maturity:	June 2, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	If index return positive, par plus gain, capped at 55%; par if index falls by up to 25%; 1.3333% loss for every 1% drop beyond buffer
Initial level:	1,195.28
Pricing date:	May 30
Settlement date:	June 4
Agent:	HSBC Securities (USA) Inc.
Fees:	None
Cusip:	40432XFQ9

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