By Sarah Lizee
Olympia, Wash., May 18 – HSBC USA Inc. priced $3.89 million of 0% buffered Performance Leveraged Upside Securities due Dec. 3, 2020 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 plus 200% of any index gain.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline in the index 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
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $3,892,440
|
| Maturity: | Dec. 3, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain; par if index falls by up to 10%; 1% loss for every 1% decline in index beyond 10%
|
| Initial index level: | 3,562.85
|
| Pricing date: | May 16
|
| Settlement date: | May 21
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.5%
|
| Cusip: | 40435M425
|
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