HSBC plans to price trigger PLUS due 2019 linked to equity basket

By Wendy Van Sickle

Columbus, Ohio, Aug. 10 – HSBC USA Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Sept. 5, 2019 linked to an equally weighted basket of six stocks, according to an FWP filing with the Securities and Exchange Commission.

The basket components are Apple Inc., Google Inc., Mobileye NV, Magna International Inc., NVIDIA Corp. and Tesla Motors, Inc.

If the final basket level is greater than the index level, the payout at maturity will be par of $10 plus 150% of the basket return.

If the final basket level is less than or equal to the initial basket level but greater than or equal to the trigger level, the payout will be par. The trigger level is 75% of the initial basket level.

If the final basket level is less than the trigger level, investors will be fully exposed to the decline from the initial index level.

HSBC Securities (USA) Inc. is the agent. Morgan Stanley Smith Barney LLC is handling distribution.

The notes are expected to price on Aug. 31 and settle on Sept. 6.

The Cusip number is 40434V178.

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