HSBC plans trigger jump notes linked to iShares MSCI Emerging Markets

By Angela McDaniels

Tacoma, Wash., May 5 - HSBC USA Inc. plans to price 0% trigger jump securities due May 16, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing 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 the upside payment, which is expected to be 20% and will be set at pricing. Investors will receive par if the share price remains flat or declines by 10% or less and will be fully exposed to the stock's decline from the initial share price if it declines by more than 10%.

HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Smith Barney LLC.

The notes will price May 9 and settle May 14.

The Cusip number is 40434C568.

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