By Susanna Moon
Chicago, May 4 – HSBC USA Inc. priced $1 million of 0% trigger Performance Leveraged Upside Securities due May 3, 2018 linked to the WisdomTree India Earnings fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any fund gain, up to a maximum return of 40%.
Investors will receive par if the fund falls up to 15% and will be fully exposed to losses from the initial level if it drops more than 15%.
HSBC Securities (USA) Inc. is the agent with distribution through Morgan Stanley Wealth Management.
| Issuer: | HSBC USA Inc.
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying fund: | WisdomTree India Earnings fund
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| Amount: | $1 million
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| Maturity date: | May 3, 2018
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 200% of fund gain, capped at 40%; par if fund falls by up to 15%; full exposure to any losses if fund falls below trigger level
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| Initial price: | $21.37
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| Trigger price: | $18.16, 85% of initial level
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| Pricing date: | April 30
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| Settlement date: | May 5
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| Agent: | HSBC Securities (USA) Inc.
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| Fees: | 2.5%
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| Cusip: | 40434G726
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