New Issue: HSBC prices $3.76 million of PLUS linked to SPDR S&P Oil & Gas fund

By Wendy Van Sickle

Columbus, Ohio, Oct. 20 – HSBC USA Inc. priced $3,759,900 of 0% Performance Leveraged Upside Securities due Jan. 20, 2017 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filed with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 300% of the fund return, subject to a maximum return of 37%. If the final share price is less than the initial share price, investors will have one-to-one exposure to the decline.

HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.

Issuer:	HSBC USA Inc.
Issue:	Performance Leveraged Upside Securities
Underlying index:	SPDR S&P Oil & Gas Exploration & Production exchange-traded fund
Amount:	$3,759,900
Maturity:	Jan. 20, 2017
Coupon:	0%
Price:	Par
Payout at maturity:	Par of $10 plus 300% of any gain in share price, capped at 37%; full exposure to any loss
Initial share price:	$39.40
Pricing date:	Oct. 16
Settlement date:	Oct. 21
Agent:	HSBC Securities (USA) Inc. with Morgan Stanley Wealth Management as distributor
Fees:	1.75%
Cusip:	40434K719

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