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Published on 8/20/2018 in the Prospect News Structured Products Daily.

New Issue: HSBC prices $3.58 million PLUS due 2019 linked to Topix

By Wendy Van Sickle

Columbus, Ohio, Aug. 20 – HSBC USA Inc. priced $3.58 million of 0% Performance Leveraged Upside Securities due Dec. 4, 2019 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any index gain, capped at $12.475 per PLUS.

Investors will be fully exposed to any index decline.

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

Issuer:HSBC USA Inc.
Issue:Performance Leveraged Upside Securities
Underlying index:Topix
Amount:$3,581,000
Maturity:Dec. 4, 2019
Coupon:0%
Price:Par of $10
Payout at maturity:Par plus 300% of any index gain, capped at $12.475 per PLUS; full exposure to losses
Initial index level:1,698.03
Pricing date:Aug. 15
Settlement date:Aug. 20
Agent:HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
Fees:2.25%
Cusip:40435X629

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