By Marisa Wong
Morgantown, W.Va., April 25 – HSBC USA Inc. priced $14.95 million of 0% Performance Leveraged Upside Securities due June 11, 2019 linked to the Euro Stoxx 50 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 of $10 plus 300% of the index gain, capped at $17.85 per PLUS.
Investors will be fully exposed to any index decline.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | HSBC USA Inc.
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| Issue: | Performance Leveraged Upside Securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $14.95 million
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| Maturity: | June 11, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any index gain, with return capped at 78.5%; exposure to any losses
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| Initial index level: | 3,413.93
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| Pricing date: | April 6
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| Settlement date: | April 11
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| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
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| Fees: | 6.4%
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| Cusip: | 40435M615
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