HSBC plans five-year trigger autocallable notes tied to Euro Stoxx 50

By Susanna Moon

Chicago, Feb. 10 - HSBC USA Inc. plans to price 0% trigger autocallable optimization securities due Feb. 21, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus a call return of 8% per year if the index closes at or above the initial level on any quarterly observation date after one year.

The payout at maturity will be par unless the index finishes below the trigger level, 65% to 70% of the initial share price, in which case investors will be fully exposed to any losses. The exact trigger price will be set at pricing.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.

The notes will price on Feb. 14 and settle on Feb. 20.

The Cusip number is 40434B313.

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