New Issue: HSBC prices $5 million trigger PLUS linked to FTSE 100 index

By Tali Rackner

Norfolk, Va., July 12 – HSBC USA Inc. priced $5 million of 0% trigger Performance Leveraged Upside Securities due July 7, 2020 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus 205% of the return.

If the index falls by up to the 70% trigger level, the payout will be par. Otherwise, investors will be fully exposed to the losses.

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

Issuer:	HSBC USA Inc.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	FTSE 100
Amount:	$5 million
Maturity:	July 7, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above initial level, par plus 205% of index return; if index falls by up to trigger level, par; otherwise, full exposure to decline
Initial index level:	6,577.83
Trigger level:	4,604.48, 70% of initial levels
Pricing date:	July 1
Settlement date:	July 7
Agent:	HSBC Securities (USA) Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	2%
Cusip:	40434V541

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