HSBC plans to price dual directional trigger PLUS linked to Facebook

By Angela McDaniels

Tacoma, Wash., Aug. 5 – HSBC USA Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Sept. 6, 2018 linked to the common stock of Facebook, Inc., according to an FWP 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 150% of the stock return, subject to a maximum return that is expected to be at least 28.5% and will be set at pricing.

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 plus the absolute value of the stock return. The trigger price will be 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 Aug. 17.

The Cusip number is 40434V251.

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