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HSBC plans dual directional trigger PLUS linked to MSCI World index
By Marisa Wong
Morgantown, W.Va., June 28 – HSBC USA Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due July 3, 2019 linked to the MSCI World index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 150% of the return.
If the index falls by up to the 75% trigger level, the payout at maturity will be par plus absolute value of the return.
Otherwise, the payout will be par plus the index return with full exposure to any losses.
HSBC Securities (USA) Inc. is the underwriter with Morgan Stanley Wealth Management handling distribution.
The notes will price on June 30 and settle on July 6.
The Cusip number is 40434K115.
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