New Issue: HSBC sells $3.44 million PLUS due 2020 linked to S&P 500 index

By Sarah Lizee

Olympia, Wash., Dec. 7 – HSBC USA Inc. priced $3.44 million of 0% Performance Leveraged Upside Securities due March 4, 2020 linked to the S&P 500 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 300% of the index gain, capped at $11.45 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:	S&P 500
Amount:	$3,442,140
Maturity:	March 4, 2020
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 300% of any index gain, capped at $11.45 per PLUS; exposure to any losses
Initial index level:	2,760.17
Pricing date:	Nov. 30
Settlement date:	Dec. 5
Agent:	HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
Fees:	2.25%
Cusip:	40436A750

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