HSBC plans three-year trigger PLUS linked to iShares U.S. Real Estate

By Susanna Moon

Chicago, Oct. 20 – HSBC USA Inc. plans to price 0% trigger Performance Leveraged Upside Securities due Nov. 6, 2017 linked to the iShares U.S. Real Estate exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus double any fund gain, up to a maximum return of 61%.

Investors will receive par if the fund falls by to 15% and will be fully exposed to any losses if the fund finishes below the 85% trigger level.

HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.

The notes will price on Oct. 31 and settle on Nov. 5.

The Cusip number is 40434D335.

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