HSBC plans to price buffered PLUS due 2021 linked to Topix index

By Sarah Lizee

Olympia, Wash., Dec. 6 – HSBC USA Inc. plans to price 0% buffered Performance Leveraged Upside Securities due July 6, 2021 linked to the Topix index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, capped at par plus 53%.

Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.

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

The notes will price on Dec. 28.

The Cusip number is 40436A693.

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