By Susanna Moon
Chicago, April 5 – HSBC USA Inc. priced $1.39 million of 0% Performance Leveraged Upside Securities due July 6, 2017 linked to the WisdomTree Japan Hedged Equity fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum payment of $12.33 per PLUS.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | HSBC USA Inc.
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| Issue: | Performance Leveraged Upside Securities
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| Underlying fund: | WisdomTree Japan Hedged Equity Fund
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| Amount: | $1,388,000
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| Maturity: | July 6, 2017
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 300% of any fund gain, capped at 23.3%; exposure to any losses
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| Initial share price: | $43.71
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| Pricing date: | March 31
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| Settlement date: | April 5
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| Agent: | HSBC Securities (USA) Inc.
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| Distribution: | Morgan Stanley Smith Barney LLC
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| Fees: | 1.75%
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| Cusip: | 40434N556
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