New Issue: HSBC sells $1.51 million PLUS tied to Russell 2000

Chicago, April 16 – HSBC USA Inc. priced $1.51 million of 0% Performance Leveraged Upside Securities due July 6, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 300% of any index gain, up to a maximum return of par plus 20.25%.

Investors will be fully exposed to any losses of the index.

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

Issuer:	HSBC USA Inc.
Issue:	Performance Leveraged Upside Securities
Underlying index:	Russell 2000 index
Amount:	$1,508,480
Maturity:	July 6, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 300% of any index gain, up to 20.25% maximum return; otherwise, 1% loss per 1% decline
Initial level:	2,352.789
Pricing date:	March 12
Settlement date:	March 17
Agent:	HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management handling distribution
Fees:	2.25%
Cusip:	40438U747

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