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HSBC plans two-year dual directional trigger PLUS linked to Facebook
By Susanna Moon
Chicago, Aug. 12 – HSBC USA Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Sept. 6, 2018 linked to Facebook, Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
If the stock finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain, up to a maximum return of 27%.
If the stock falls by up to 20%, the payout will be par plus the absolute value of the return.
If the stock drops below the 80% trigger level, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent with distribution through Morgan Stanley Wealth Management.
The notes will price on Aug. 31 and settle on Sept. 6.
The Cusip number is 40434V137.
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