By Wendy Van Sickle
Columbus, Ohio, March 7 – HSBC USA Inc. priced $8.22 million of 0% Performance Leveraged Upside Securities due June 5, 2018 linked to the WisdomTree Japan Hedged Equity Fund, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum payout of $11.83 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 index: | WisdomTree Japan Hedged Equity Fund
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| Amount: | $8,221,990
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| Maturity: | June 5, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus triple any fund gain, capped at 18.3%; exposure to any losses
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| Initial level: | $50.71
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| Pricing date: | Feb. 28
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| Settlement date: | March 3
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| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.25%
|
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| Cusip: | 40435C146
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