By Jennifer Chiou
New York, March 5 - HSBC USA Inc. priced $5 million of 0% uncapped trigger Performance Leveraged Upside Securities due March 5, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par of $10 plus 126% of any gain.
If the index falls by up to the 65% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | HSBC USA Inc.
|
| Issue: | Uncapped trigger Performance Leveraged Upside Securities
|
| Underlying index: | Russell 2000
|
| Amount: | $5 million
|
| Maturity: | March 5, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index gains, par plus 126% of return; if index falls by up to 35%, par; otherwise, full exposure to any losses
|
| Initial level: | 1,183.03
|
| Trigger level: | 768.97, 65% of initial level
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 5
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management as dealer
|
| Fees: | 3.5%
|
| Cusip: | 40434C204
|
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