New Issue: HSBC prices $9.01 million PLUS linked to iShares China Large-Cap ETF

By Marisa Wong

Madison, Wis., July 6 – HSBC USA Inc. priced $9.01 million of 0% Performance Leveraged Upside Securities due Aug. 4, 2016 linked to the iShares China Large-Cap exchange-traded 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 24.5%. Investors will be fully exposed to any fund decline.

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

Issuer:	HSBC USA Inc.
Issue:	Performance Leveraged Upside Securities
Underlying fund:	iShares China Large-Cap ETF
Amount:	$9,008,000
Maturity date:	Aug. 4, 2016
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any fund gain, subject to 24.5% maximum return; full exposure to losses
Initial fund level:	$46.10
Pricing date:	June 30
Settlement date:	July 6
Agent:	HSBC Securities (USA) Inc. with distribution through Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	40434E408

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