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HSBC plans two-year trigger jump securities linked to Euro Stoxx 50
By Tali Rackner
Minneapolis, June 29 – HSBC USA Inc. plans to price 0% trigger jump securities due July 3, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus the greater of the index return and 25.25%.
If the final index level is less than the initial index level but greater than or equal to the 90% trigger level, the payout will be par.
If the final index level is less than the trigger level, investors will be exposed to the decline from the initial index level.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is handling distribution.
The notes will price June 30 and settle on July 6.
The Cusip number is 40435D177.
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