HSBC plans trigger PLUS tied to S&P, Euro Stoxx, MSCI Emerging Markets

By Angela McDaniels

Tacoma, Wash., June 13 – HSBC USA Inc. plans to price 0% trigger Performance Leveraged Upside Securities due July 1, 2022 linked to a basket that contains the S&P 500 index with a 60% weight, the Euro Stoxx 50 index with a 30% weight and the MSCI Emerging Markets index with a 10% weight, according to a 424B2 filing with the Securities and Exchange Commission.

If the basket finishes above its initial level, the payout at maturity will be par of $10 plus 175% of the basket return, subject to a maximum return of 38%.

If the basket finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 75% of the initial basket level.

If the basket finishes below its trigger level, investors will be fully exposed to the basket’s decline from its initial level.

The notes will be guaranteed by Goldman Sachs Group, Inc.

HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is handling distribution.

The notes will price June 28.

The Cusip number is 40436B584.

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