New Issue: HSBC prices $4.13 million PLUS linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., May 17 – HSBC USA Inc. priced $4.13 million of 0% Performance Leveraged Upside Securities due Sept. 6, 2017 linked to the Russell 2000 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 of $10 plus 300% of the index return, subject to a maximum return of 17.85%. If the index return is negative, investors will be fully exposed to the 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 index:	Russell 2000
Amount:	$4,129,500
Maturity:	Sept. 6, 2017
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 300% of index return, subject to 17.85% maximum return; if index declines, full exposure to decline
Initial level:	1,102.439
Pricing date:	May 13
Settlement date:	May 18
Agent:	HSBC Securities (USA) Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	40434N168

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