HSBC plans to price trigger PLUS linked to Energy Select Sector SPDR

By Sarah Lizee

Olympia, Wash., Aug. 30 – HSBC USA Inc. plans to price 0% trigger Performance Leveraged Upside Securities due Oct. 5, 2020 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund return is positive, the payout at maturity will be par of $10 plus 200% of the ETF return, subject to a maximum payment of $13.30 per PLUS.

Investors will receive par if the fund declines by 10% or less and will be fully exposed to the fund’s decline from its initial share price if it falls by more than 10%.

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

The notes will price on Sept. 28 and settle on Oct. 3.

The Cusip number is 40435X348.

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