New Issue: HSBC prices $5.91 million buffered PLUS linked to S&P 500

By Angela McDaniels

Tacoma, Wash., April 19 – HSBC USA Inc. priced $5.91 million of 0% buffered Performance Leveraged Upside Securities due Nov. 5, 2018 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus double the index return, subject to a maximum return of 22.25%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.

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:	S&P 500
Amount:	$5,905,150
Maturity:	Nov. 5, 2018
Coupon:	0%
Price:	Par of $10
Payout at maturity:	If index return is positive, par plus 200% of index return, subject to 22.25% maximum return; par if index drops 10% or less; 1% loss for every 1% decline beyond 10%
Initial level:	2,080.73
Pricing date:	April 15
Settlement date:	April 20
Agent:	HSBC Securities (USA) Inc.
Distribution:	Morgan Stanley Wealth Management
Fees:	3%
Cusip:	40434N457

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