By Wendy Van Sickle
Columbus, Ohio, Aug. 3 – HSBC USA Inc. priced $3.1 million of 0% Performance Leveraged Upside Securities due Nov. 5, 2019 linked to the iShares China Large-Cap exchange-traded fund, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any ETF gain, up to a maximum payment of $12.43 per PLUS.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | HSBC USA Inc.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying ETF: | iShares China Large-Cap ETF
|
| Amount: | $3,098,780
|
| Maturity: | Nov. 5, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any ETF gain, up to a maximum payment of $12.43 per PLUS; full exposure to losses
|
| Initial fund level: | $43.62
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 3
|
| Agent: | HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.25%
|
| Cusip: | 40435X744
|
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