HSBC plans dual directional trigger PLUS linked to Energy Select SPDR

By Susanna Moon

Chicago, Jan. 4 – HSBC USA Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Jan. 18, 2019 linked to the Energy Select Sector SPDR fund, according to an FWP with the Securities and Exchange Commission.

If the fund finishes at or above its initial level, the payout at maturity will be par plus 200% of the gain, up to a maximum return of 42%.

If the fund falls but finishes at or above the 80% 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.

The notes will price on Jan. 15 and settle on Jan. 21.

The Cusip number is 40434K230.

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