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HSBC plans to price jump securities due 2018 linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Feb. 12 – HSBC USA Inc. plans to price 0% jump securities due March 5, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus 24.2%. If the index finishes below the initial level, investors will be fully exposed to the decline.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes will price Feb. 29.
The Cusip number is 40434N812.
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