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

By Wendy Van Sickle

Columbus, Ohio, April 15 – HSBC USA Inc. plans to price dual directional trigger performance leveraged upside securities due April 26, 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 150% of the return.

If the index falls but is greater than or equal to the 85% 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 April 22 and settle on April 27.

The Cusip number is 40434N358.

© 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.