HSBC to price trigger jump securities due 2020 linked to Facebook

By Sarah Lizee

Olympia, Wash., Nov. 13 – HSBC USA Inc. plans to price 0% trigger jump securities due Dec. 3, 2020 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 the initial share price, the payout at maturity will be par of $10 plus the upside payment, which is expected to be at least 29.5% and will be set at pricing.

If the final share price is less than or equal the initial share price but greater than or equal to the trigger price, the payout will be par. The trigger price will be 75% of the initial share price.

If the final share price is less than the trigger price, investors will be fully exposed to the stock’s decline from the initial share price.

HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.

The notes will price Nov. 30 and settle Dec. 5.

The Cusip number is 40436A768.

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