By Wendy Van Sickle
Columbus, Ohio, Dec. 29 – HSBC USA Inc. priced $517,000 of 0% buffered Performance Leveraged Upside Securities due July 6, 2020 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index gain, up to a maximum return of 30%.
If the index falls by up to 10%, the payout will be par.
Investors will be fully exposed to any index decline beyond 10%.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying index: | Topix
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| Amount: | $517,000
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| Maturity: | July 6, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any index gain, capped at 30%; par if index falls by up to 10%; exposure to any losses beyond 10%
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| Initial index level: | 1,819.03
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| Pricing date: | Dec. 28
|
| Settlement date: | Jan. 3
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 3%
|
| Cusip: | 40435J729
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