HSBC intends to price PLUS due May 2018 linked to S&P 500 index

By Tali Rackner

Norfolk, Va., Dec. 29 – HSBC USA Inc. plans to price Performance Leveraged Upside Securities due May 3, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus double the index return, subject to a maximum redemption amount that is expected to be at least $11.225 per PLUS and will be set at pricing.

Investors will be fully exposed to any index decline.

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

The notes will price on Jan. 13 and settle on Jan. 19.

The Cusip number is 40435C856.

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