New Issue: HSBC prices $3.24 million buffered PLUS due 2021 linked to Topix

By Sarah Lizee

Olympia, Wash., April 3 – HSBC USA Inc. priced $3.24 million of 0% buffered Performance Leveraged Upside Securities due April 6, 2021 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 200% of any index gain, capped at par plus 23.1%.

Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline in the index beyond 15%.

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

Issuer:	HSBC USA Inc.
Issue:	Buffered Performance Leveraged Upside Securities
Underlying index:	Topix index
Amount:	$3,243,950
Maturity:	April 6, 2021
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 200% of any index gain, capped at par plus 23.1%; par if index falls by up to 15%; 1% loss for every 1% decline in index beyond 15%
Initial index level:	1,591.64
Buffer level:	85% of initial level
Pricing date:	March 29
Settlement date:	April 3
Agent:	HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
Fees:	2.5%
Cusip:	40436A164

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