HSBC to price trigger PLUS linked to Euro Stoxx 50, S&P 500 indexes

By Angela McDaniels

Tacoma, Wash., Aug. 28 – HSBC USA Inc. plans to price 0% trigger Performance Leveraged Upside Securities due March 5, 2019 linked to the lesser performing of the Euro Stoxx 50 index and the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If each index finishes above its initial level, the payout at maturity will be par of $10 plus at least 203% of the return of the lesser-performing index. The exact leverage factor will be set at pricing.

If either index finishes at or below its initial level but each index finishes at or above its trigger level, the payout will be par. For each index, the trigger level will be 90% of its initial level.

If either index finishes below its trigger level, investors will be fully exposed to the decline of the lesser-performing index from its initial level.

HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.

The notes will price Aug. 31.

The Cusip number is 40435G477.

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