New Issue: HSBC prices $3 million trigger PLUS linked to FTSE 100 index

By Tali Rackner

Norfolk, Va., Aug. 17 – HSBC USA Inc. priced $3 million of 0% trigger Performance Leveraged Upside Securities due Feb. 19, 2020 linked to the FTSE 100 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 1.5 times any index gain.

Investors will receive par if the index falls by up to 41% and will be fully exposed to any losses if the index finishes below the 59% trigger level.

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:	$3 million
Maturity:	Feb. 19, 2020
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index finishes above initial level, par plus 1.5 times any index return; if index falls by up to trigger level, par; otherwise, full exposure to decline
Initial index level:	6,941.19
Trigger level:	4,095.30, 59% of initial levels
Pricing date:	Aug. 15
Settlement date:	Aug. 18
Agent:	HSBC Securities (USA) Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	2.5%
Cusip:	40434V111

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