New Issue: HSBC prices $5.62 million buffered PLUS linked to S&P 500

By Marisa Wong

Morgantown, W.Va., Feb. 5 – HSBC USA Inc. priced $5.62 million of 0% buffered Performance Leveraged Upside Securities due Feb. 1, 2019 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus twice the index return, subject to a maximum payment of $13.10 per PLUS.

Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:	HSBC USA Inc.
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$5,616,430
Maturity:	Feb. 1, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par of $10 plus twice the index return, subject to a maximum payment of $13.10 per PLUS; par if index drops up to 10%; 1% loss for every 1% decline beyond 10%
Initial level:	1,940.24
Pricing date:	Jan. 29
Settlement date:	Feb. 3
Agent:	HSBC Securities (USA) Inc.
Distributor:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	40434N309

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