By Marisa Wong
Morgantown, W.Va., April 20 – HSBC USA Inc. priced $1.92 million of 0% buffered Performance Leveraged Upside Securities due Oct. 5, 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 of $10 plus 200% of the index gain, capped at $13.60 per PLUS.
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.
|
| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying index: | Topix
|
| Amount: | $1,916,440
|
| Maturity: | Oct. 5, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 36%; par if index falls by up to 10%; exposure to any losses beyond 10%
|
| Initial index level: | 1,704
|
| Pricing date: | March 29
|
| Settlement date: | April 4
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 3%
|
| Cusip: | 40435M698
|
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