HSBC plans three-year trigger jump notes linked to Energy Select SPDR

By Susanna Moon

Chicago, Sept. 15 – HSBC USA Inc. plans to price 0% trigger jump securities due Oct. 4, 2018 linked to the Energy Select Sector SPDR fund, according to an FWP with the Securities and Exchange Commission.

If the fund finishes at or above its initial level, the payout at maturity will be par plus the upside payment of at least 34.5%.

Investors will receive par if the fund falls by up to 20% and will be fully exposed to losses if the fund finishes below the 80% trigger level.

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

The notes will price on Sept. 30 and settle on Oct. 5.

The Cusip number is 40434K826.

© 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.