HSBC plans dual directional trigger PLUS on Emerging Markets ETF

By Wendy Van Sickle

Columbus, Ohio, Oct. 18 – HSBC USA Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Nov. 5, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus 150% of the ETF return, subject to a maximum return of at least 42.5%.

If the final share price is less than or equal to the initial share price but greater than or equal to the trigger share price, the payout will be par plus the absolute value of the ETF return. The trigger share price will be 80% of the initial share price.

If the final share price is less than the trigger share price, investors will be fully exposed to the ETF’s decline from the initial share price.

HSBC Securities (USA) Inc. is the agent.

The notes will price Oct. 31.

The Cusip number is 40435B627.

© 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.