New Issue: HSBC sells $11.27 million trigger PLUS tied to Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, Dec. 5 – HSBC USA Inc. priced $11.27 million of 0% trigger Performance Leveraged Upside Securities due April 6, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 950% of any index gain, up to a maximum return of 52.5%.

Investors will receive par if the index falls by up to 15% and will be fully exposed to any losses if the index finishes below the 85% 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 index:	Euro Stoxx 50 index
Amount:	$11,266,600
Maturity:	April 6, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 950% of any index gain, up to 52.5% maximum return; par if index falls by up to 15%; otherwise, 1% loss per 1% decline
Initial level:	3,569.93
Trigger level:	3,034.44, 85% of initial level
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Agent:	HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
Fees:	3%
Cusip:	40435H137

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