By Marisa Wong
Morgantown, W.Va., Feb. 26 – HSBC USA Inc. priced $1.44 million of 0% buffered Performance Leveraged Upside Securities due Sept. 3, 2020 linked to the WisdomTree India Earnings fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus double any fund gain, up to a maximum payment of $12.15 per PLUS.
Investors will receive par if the fund falls by up to 10% and will be exposed to any losses beyond the buffer.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying fund: | WisdomTree India Earnings fund
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| Amount: | $1,438,800
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| Maturity: | Sept. 3, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10.00
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| Payout at maturity: | Par plus 200% of any fund gain, capped at 21.5%; par if fund falls by up to 10%; 1% loss per 1% decline beyond 10%
|
| Initial index level: | $24.62
|
| Pricing date: | Feb. 16
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| Settlement date: | Feb. 22
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 3%
|
| Cusip: | 40435J281
|
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