HSBC to price dual directional trigger PLUS linked to Euro Stoxx 50

By Susanna Moon

Chicago, June 1 – HSBC USA Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due July 6, 2021 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus at least 116% of the gain. The exact participation rate will be set at pricing.

If the index falls but finishes at or above the 65% trigger level, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as dealer.

The notes will price on June 30 and settle on July 6.

The Cusip number is 40434G155.

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