HSBC plans to price trigger PLUS linked to Euro Stoxx 50 index

By Toni Weeks

San Luis Obispo, Calif., June 5 – HSBC USA Inc. plans to price 0% Trigger Performance Leveraged Upside Securities due June 24, 2021 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 153% of any index gain, with the exact participation rate to be set at pricing.

If the index falls by up to the 65% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent, and Morgan Stanley Wealth Management will handle distribution.

The notes will price June 19 and settle June 24.

The Cusip number is 40434E309.

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