New Issue: HSBC prices $14.98 million trigger PLUS linked to Euro Stoxx 50 index

By Tali Rackner

Norfolk, Va., July 28 – HSBC USA Inc. priced $14.98 million of 0% trigger Performance Leveraged Upside Securities due July 27, 2018 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 800% of any fund gain, subject to a maximum return of $14 per trigger PLUS.

Investors will receive par if the share price falls by up to 10% and will be fully exposed to losses if the fund drops below the 90% trigger level.

HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is the distributor.

Issuer:	HSBC USA Inc.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	Euro Stoxx 50
Amount:	$14,983,870
Maturity:	July 27, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 800% of index return, up to a maximum of $14 per trigger PLUS; par if final index level is less than or equal to initial level but greater than trigger level; full exposure to index’s decline from initial level if final level is less than trigger level
Initial index level:	3,600
Trigger level:	3,240, 90% of the initial price
Pricing date:	July 24
Settlement date:	July 29
Agent:	HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management as distributor
Fees:	3%
Cusip:	40434E697

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