New Issue: HSBC prices $11.03 million PLUS linked to S&P 500

By Wendy Van Sickle

Columbus, Ohio, June 3 – HSBC USA Inc. priced $11.03 million of 0% Performance Leveraged Upside Securities due Sept. 6, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 300% of the index gain, up to $12.015 per $10 PLUS. Investors will be fully exposed to any index decline.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as dealer.

Issuer:	HSBC USA Inc.
Issue:	Performance Leveraged Upside Securities
Underlying index:	S&P 500 index
Amount:	$11,030,120
Maturity:	Sept. 6, 2023
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, up to $12.015 per $10 PLUS; full exposure to any index decline
Initial level:	4,132.15
Pricing date:	May 31
Settlement date:	June 3
Agent:	HSBC Securities (USA) Inc.
Dealer:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	40390L396

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