HSBC plans to price dual directional trigger PLUS linked to Apple

By Wendy Van Sickle

Columbus, Ohio, June 13 – HSBC USA Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due July 5, 2018 linked to the common stock of Apple Inc., according to an FWP filing with the Securities and Exchange Commission.

If the final share price is greater than the initial price, the payout at maturity will be par plus 1.5 times the gain, subject to a maximum return of at least 30.05%.

If the stock finishes flat or falls by up to 20%, the payout will be par plus the absolute value of the share price return.

If the stock falls by more than 20%, investors will be fully exposed to the decline from the initial share price.

HSBC Securities (USA) Inc. is the agent.

The notes will price on June 30 settle on July 6.

The Cusip number is 40434V632.

© 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.