HSBC to price dual directional trigger PLUS linked to S&P 500 index

By Devika Patel

Knoxville, Tenn., Oct. 29 – HSBC USA Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Dec. 3, 2021 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus 1.2 times the gain.

If the index falls but finishes at or above the 65% trigger level, the payout will be par plus the absolute value of the return.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as dealer.

The notes (Cusip: 40434K552) will price on Nov. 30 and settle on Dec. 3.

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