By Marisa Wong
Morgantown, W.Va., March 6 – HSBC USA Inc. priced $6.25 million of 0% buffered Performance Leveraged Upside Securities due Sept. 5, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 200% of the index gain, up to a maximum return of 21.5%.
If the index falls by up to 10%, the payout will be par.
Investors will be fully exposed to any index decline beyond 10%.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Morgan Stanley Finance LLC
|
| Issuer: | HSBC USA Inc.
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying index: | S&P 500
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| Amount: | $6,250,700
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| Maturity: | Sept. 5, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any index gain, capped at 21.5%; par if index falls by up to 10%; exposure to any losses beyond 10%
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| Initial index level: | 2,363.64
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| Pricing date: | Feb. 28
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| Settlement date: | March 3
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| Agent: | HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 3%
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| Cusip: | 40435C153
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