HSBC plans to price Trigger PLUS on iShares MSCI Emerging Markets ETF

By Wendy Van Sickle

Columbus, Ohio, Dec. 15 – HSBC USA, Inc. plans to price 0% Trigger PLUS due Dec. 21, 2017 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filed with the Securities and Exchange Commission.

If the ETF return is positive, the payout at maturity will be par plus at least 200% of the index return up to a maximum return of 35.5%. Investors will receive par if the index declines by 15% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 15%.

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

The notes will price on Dec. 18 and settle on Dec. 24.

The Cusip number is 40434E283.

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