By Tali Rackner
Norfolk, Va., Jan. 3 – HSBC USA Inc. prices $761,000 of 0% dual directional trigger jump securities due Jan. 3, 2019 linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If Facebook finish above its initial share price, the payout at maturity will be par plus the greater of the gain and the digital return of 22%.
If the shares fall but finish at or above the 80% trigger price, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | HSBC USA Inc.
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| Issue: | Dual directional trigger jump securities
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| Underlying stock: | Facebook, Inc. (Symbol: FB)
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| Amount: | $761,000
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| Maturity: | Jan. 3, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If Facebook shares gain, par plus greater of gain and 22%; par plus absolute value of the return if shares fall by 20% or less; full exposure to any losses if Facebook finishes below trigger price
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| Initial price: | $116.35
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| Trigger price: | $93.08, 80% of initial level
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| Pricing date: | Dec. 29
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| Settlement date: | Jan. 5
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| Agent: | HSBC Securities (USA) Inc.
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| Distribution: | Morgan Stanley Wealth Management
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| Fees: | 2.5%
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| Cusip: | 40435B114
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