HSBC plans dual directional trigger PLUS linked to Facebook

By Susanna Moon

Chicago, Aug. 14 – HSBC USA Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due March 3, 2021 linked to Facebook Inc. stock, according to a 424B2 filed with the Securities and Exchange Commission.

If the stock finishes above its initial level, the payout at maturity will be par plus 150% of the gain up to a maximum return of 38%.

If the stock falls by up to its 80% trigger level, 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.

The notes will price on Aug. 31.

The Cusip number is 40435X587.

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