New Issue: HSBC prices $1.58 million PLUS with 3x leverage, cap linked to Topix

By Wendy Van Sickle

Columbus, Ohio, Feb. 7 – HSBC USA Inc. priced $1.58 million of 0% Performance Leveraged Upside Securities due May 5, 2021 linked to the Topix index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain up to a maximum return of 21%.

Investors will be exposed to any losses.

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

Issuer:	HSBC USA Inc.
Issue:	Performance Leveraged Upside Securities
Underlying index:	Topix
Amount:	$1,581,440
Maturity:	May 5, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 21%; 1% loss per 1% decline
Initial level:	1,684.44
Pricing date:	Jan. 31
Settlement date:	Feb. 5
Agent:	HSBC Securities (USA) Inc.
Dealer:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	40438B210

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