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

By Sarah Lizee

Olympia, Wash., April 10 – HSBC USA Inc. plans to price 0% buffered Performance Leveraged Upside Securities due May 5, 2021 linked to the Topix 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, capped at par plus 20.4%.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline in the index beyond 15%.

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

The notes will price on April 26.

The Cusip number is 40436B501.

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