New Issue: HSBC prices $8.43 million trigger PLUS linked to S&P 500

By Angela McDaniels

Tacoma, Wash., July 5 – HSBC USA Inc. priced $8.43 million of 0% trigger Performance Leveraged Upside Securities due July 6, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes above its initial level, the payout at maturity will be par of $10 plus 157.15% of the index return.

If the index finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 65% of the initial index level.

If the index finishes below its trigger level, investors will be exposed to the index’s decline from its initial level.

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

Issuer:	HSBC USA Inc.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$8,426,140
Maturity:	July 6, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above initial level, par plus 157.15% of index return; if index finishes at or below initial level but at or above trigger level, par; if index finishes below trigger level, exposure to decline
Initial index level:	2,098.86
Trigger level:	1,364.26, 65% of initial levels
Pricing date:	June 30
Settlement date:	July 6
Agent:	HSBC Securities (USA) Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	3.5%
Cusip:	40434V723

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