HSBC USA plans to price PLUS due 2020 tied to Russell 2000

By Sarah Lizee

Olympia, Wash., May 13 – HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due Sept. 3, 2020 linked to the Russell 2000 index, according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum payment of at least $11.55 per PLUS. The exact cap will be set at pricing.

Investors will lose 1% for each 1% decline of the index from its initial level.

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

The notes (Cusip: 40436B733) will price on May 31.

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