By Marisa Wong
Morgantown, W.Va., Jan. 18 – HSBC USA Inc. priced $12.56 million of 0% lookback entry Performance Leveraged Upside Securities due May 3, 2018 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The initial index level will be the lowest closing level of the index during the roughly two-week period from pricing up to and including Jan. 27.
The payout at maturity will be par plus 200% of any index gain, up to a maximum return of 12.25%.
Investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent with distribution through Morgan Stanley Wealth Management.
| Issuer: | HSBC USA Inc.
|
| Issue: | Lookback entry Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $12,564,620
|
| Maturity: | May 3, 2018
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 200% of index return, subject to 12.25% maximum return; if index return is negative, full exposure to decline
|
| Initial index level: | Lowest closing level of index during period from pricing through Jan. 27
|
| Pricing date: | Jan. 13
|
| Settlement date: | Jan. 19
|
| Agent: | HSBC Securities (USA) Inc.
|
| Distribution: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 40435C856
|
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