HSBC plans to price trigger jump securities linked to S&P 500

By Marisa Wong

Madison, Wis., Sept. 5 – HSBC USA Inc. plans to price 0% trigger jump securities due Oct. 5, 2020 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the final index level is greater than the initial level, the payout at maturity will be par of $10 plus the greater of the fixed upside payment, which will be at least $3.50, and the index return. The exact fixed payment will be set at pricing.

Investors will receive par if the index stays flat or falls by up to 40% and will be fully exposed to losses from the initial index level if it falls below the 60% trigger level.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.

The notes will price on Sept. 30 and settle on Oct. 3.

The Cusip number is 40434D723.

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