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HSBC to price trigger PLUS on KraneShares CSI China Internet ETF
By Sarah Lizee
Olympia, Wash., Feb. 12 – HSBC USA Inc. plans to price 0% trigger Performance Leveraged Upside Securities due Feb. 17, 2023 linked to the KraneShares CSI China Internet ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par of $10 plus 200% of the ETF return, subject to a maximum return of 43%.
If the final share price is less than the initial share price but greater than or equal to the trigger price, the payout will be par. The trigger price is 80% of the initial share price.
If the final share price is less than the trigger price, investors will be exposed to the decline from the initial share price.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes will price on Feb. 14.
The Cusip number is 40438G300.
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