New Issue: HSBC prices $3 million trigger PLUS due 2021 linked to Topix index

By Sarah Lizee

Olympia, Wash., Nov. 27 – HSBC USA Inc. priced $3 million of 0% trigger Performance Leveraged Upside Securities due May 25, 2021 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus 200% of the gain, capped at par plus 66.9%.

If the index falls but finishes at or above the 75% trigger level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline.

HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is handling distribution.

Issuer:	HSBC USA Inc.
Issue:	Trigger Performance Leveraged Upside Securities
Underlying index:	Topix index
Amount:	$3 million
Maturity:	May 25, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	If index gains, par plus 200% of return, capped at par plus 66.9%; if index falls by up to 25%, par; otherwise, 1% loss per 1% decline
Initial level:	1,625.67
Trigger level:	1,219.25, 75% of initial level
Pricing date:	Nov. 20
Settlement date:	Nov. 26
Agent:	HSBC Securities (USA) Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	1.5%
Cusip:	40436A719

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