By Wendy Van Sickle
Columbus, Ohio, Feb. 2 – HSBC USA Inc. priced $6.51 million of 0% trigger Performance Leveraged Upside Securities due Feb. 5, 2020 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 54.85%.
If the index finishes at or below the initial index level but at or above the trigger level, the payout will be par. The trigger level is 80% of the initial index level.
If the index finishes below the trigger level, investors will be exposed to the index’s decline from its initial level.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | HSBC USA Inc.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx Banks
|
| Amount: | $6,508,800
|
| Maturity: | Feb. 5, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes above initial level, par plus 200% of index return, subject to 54.85% maximum return; if index finishes at or below initial level but at or above trigger level, par; if index finishes below trigger level, exposure to index’s decline from initial level
|
| Initial index level: | 140.84
|
| Trigger level: | 112.672, 80% of initial level
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 5
|
| Agent: | HSBC Securities (USA) Inc.
|
| Selected dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 40435J497
|
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