HSBC USA reports plans to price PLUS due 2019 tied to the Topix index

By Devika Patel

Knoxville, Tenn., Sept. 1 – HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due Jan. 3, 2019 linked to the Topix index, according to a 424B3 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus triple any gain in the index, up to a maximum payment of at least $11.64 per PLUS. The exact cap will be set at pricing.

Investors will lose 1% for each 1% decline of the index from its initial level.

HSBC Securities (USA) Inc. is the agent.

The notes (Cusip: 40435G410) will price on Sept. 15 and settle on Sept. 20.

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