HSBC plans to price two-year trigger PLUS linked to Amazon.com

By Sarah Lizee

Olympia, Wash., Aug. 15 – HSBC USA Inc. plans to price 0% trigger Performance Leveraged Upside Securities due Sept. 3, 2021 linked to the Amazon.com, Inc., according to an FWP filing with the Securities and Exchange Commission.

If the stock finishes at or above its initial level, the payout at maturity will be par plus 200% of the gain, capped at par plus 31.2%.

If the index falls but finishes at or above the 80% trigger level, the payout will be par.

Otherwise, investors will lose 1% for each 1% decline.

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

The notes are expected to price on Aug. 30.

The Cusip number is 40436B196.

© 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.