New Issue: HSBC prices $2.35 million PLUS with 3x leverage, cap linked to Russell

By Sarah Lizee

Olympia, Wash., June 8 – HSBC USA Inc. priced $2.35 million of 0% Performance Leveraged Upside Securities due Sept. 3, 2021 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.

The payout at maturity will be par plus triple any index gain up to a maximum return of 18%.

Investors will be exposed to any losses.

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

Issuer:	HSBC USA Inc.
Issue:	Performance Leveraged Upside Securities
Underlying index:	Russell 2000
Amount:	$2,351,000
Maturity:	Sept. 3, 2021
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, capped at 18%; 1% loss per 1% decline
Initial level:	1,394.035
Pricing date:	May 29
Settlement date:	June 3
Agent:	HSBC Securities (USA) Inc.
Dealer:	Morgan Stanley Wealth Management
Fees:	2.25%
Cusip:	40438J676

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