New Issue: HSBC prices $3.01 million PLUS linked to Financial Select Sector SPDR

By Wendy Van Sickle

Columbus, Ohio, Aug. 20 – HSBC USA Inc. priced $3.01 million of 0% Performance Leveraged Upside Securities due Dec. 3, 2021 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par of $10 plus 300% of the fund return, subject to a maximum return of 21%. If the fund return is negative, investors will be exposed to the decline.

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

Issuer:	HSBC USA Inc.
Issue:	Performance Leveraged Upside Securities
Underlying fund:	Financial Select Sector SPDR fund
Amount:	$3,009,900
Maturity:	Dec. 3, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If fund return is positive, par plus 300% of fund return, subject to maximum return of 21%; if fund return is negative, exposure to decline
Initial level:	$25.18
Pricing date:	Aug. 14
Settlement date:	Aug. 19
Agent:	HSBC Securities (USA) Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	40438J288

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