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HSBC plans dual directional trigger PLUS due 2019 linked to Stoxx 50
By Susanna Moon
Chicago, Oct. 28 – HSBC USA Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Dec. 4, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus double the gain, up to a maximum return of 56%.
If the index falls but finishes at or above the 80% trigger level, the payout will be par plus the absolute value of the index 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 Nov. 30 and settle on Dec. 5.
The Cusip number is 40435B361.
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