HSBC plans to price trigger PLUS notes linked to Euro Stoxx 50 index

By Tali Rackner

Norfolk, Va., July 28 – HSBC USA Inc. plans to price 0% Trigger Performance Leveraged Upside Securities due Aug. 3, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 800% of any index gain, subject to a maximum return of $14.22 per PLUS.

Investors will receive par if the index falls by up to 10% and will be fully exposed to losses if the index drops below the 90% trigger level.

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

The notes will price July 31 and settle Aug. 5.

The Cusip number is 40434E663.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.