New Issue: HSBC prices $2.72 million dual directional trigger PLUS tied to Facebook

By Wendy Van Sickle

Columbus, Ohio, Sept. 17 – HSBC USA Inc. priced $2.72 million of 0% trigger dual directional Performance Leveraged Upside Securities due March 3, 2021 linked to the common shares of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.

If the stock return is positive, the payout at maturity will be par of $10 plus 150% of the stock return, capped at $13.80 per PLUS. If the stock declines by 20% or less, investors will receive par plus the absolute value of the stock return. Investors will be fully exposed to the stock’s decline from its initial share price if it falls by more than 20%.

HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	HSBC USA Inc.
Issue:	Dual directional trigger Performance Leveraged Upside Securities
Underlying shares:	Facebook, Inc.
Amount:	$2,723,130
Maturity:	March 3, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If final share price is greater than initial share price, par plus 150% of stock return, capped at $13.80 per PLUS; if final share price is less than or equal to initial share price but greater than or equal to trigger price, par plus absolute value of stock return; if final share price is less than trigger price, exposure to decline from initial share price
Initial share price:	$175.73
Trigger level:	$140.58, 80% of initial share price
Pricing date:	Aug. 31
Settlement date:	Sept. 6
Agent:	HSBC Securities (USA) Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	40435X587

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