New Issue: HSBC sells $3.38 million trigger PLUS notes due 2022 on worst of Nikkei 225, Topix

By Wendy Van Sickle

Columbus, Ohio, July 20 – HSBC USA Inc. priced $3.38 million of 0% Trigger Performance Leveraged Upside Securities due July 25, 2022 linked to the worst performing of the Nikkei 225 index and the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 145% of any gain in the worst performing index.

Investors will receive par if the worst performing index falls by up to 40% and will lose 1% for each 1% decline of that index from its initial level if the index drops below the 60% trigger level.

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

Issuer:	HSBC USA Inc.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying indexes:	Nikkei 225, Topix
Amount:	$3,375,000
Maturity:	July 25, 2022
Coupon:	0%
Price:	Par
Payout at maturity:	If final level of each is greater than initial index level, par plus 145% of lesser-performing index return; if lesser-performing index falls by up to trigger level, par; otherwise, full exposure to loss of lesser-performing index
Initial index levels:	20,144.59 for Nikkei, 1,633.01 for Topix
Trigger levels:	12,086.754 for Nikkei, 979.806 for Topix, 60% of initial levels
Pricing date:	July 20
Settlement date:	July 25
Agent:	HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
Fees:	3%
Cusip:	40435H517

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