HSBC plans to price buffered PLUS due 2018 linked to Euro Stoxx index

By Tali Rackner

Norfolk, Va., July 31 – HSBC USA Inc. plans to price 0% buffered Performance Leveraged Upside Securities due Sept. 6, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus twice the index return, subject to a maximum payment that will be at least $13.60 per PLUS. The exact cap will be set at pricing.

Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% that it declines beyond 10%.

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

The notes are expected to price Aug. 31 and settle Sept. 3.

The Cusip number is 40434E580.

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