New Issue: HSBC prices $13.46 million buffered PLUS linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, Aug. 2 – HSBC USA Inc. priced $13.46 million of 0% buffered Performance Leveraged Upside Securities due Feb. 5, 2019 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus double the index return, subject to a maximum return of 20.4%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is a dealer.

Issuer:	HSBC USA Inc.
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	S&P 500
Amount:	$13,464,090
Maturity:	Feb. 5, 2019
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to 20.4% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
Initial level:	2,173.60
Pricing date:	July 29
Settlement date:	Aug. 3
Agent:	HSBC Securities (USA) Inc.
Dealer:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	40434V426

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