HSBC to price trigger jump securities due 2017 linked to Apple stock

By Toni Weeks

San Luis Obispo, Calif., April 8 – HSBC USA Inc. plans to price 0% trigger jump securities due April 21, 2017 linked to the common stock of Apple Inc., according to an FWP with the Securities and Exchange Commission.

If the final share price is greater than or equal to the initial price, the payout at maturity will be par plus the 31.5% upside payment.

Investors will receive par if the share price falls by up to 10% and will be fully exposed to losses from the initial share price if the stock falls by more than 10%.

HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management will handle distribution.

The notes (Cusip: 40434G593) will price April 17 and settle April 22.

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