HSBC plans trigger PLUS due 2020 with leverage, no cap tied to FTSE

By Susanna Moon

Chicago, Aug. 12 – HSBC USA Inc. plans to price 0% trigger Performance Leveraged Upside Securities due Feb. 19, 2020 linked to the FTSE 100 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.5 times any index gain.

Investors will receive par if the index falls by up to 41% and will be fully exposed to any losses if the index finishes below the 59% trigger level.

The exact deal terms will be set at pricing.

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

The notes will price on Aug. 15 and settle on Aug. 18.

The Cusip number is 40434V111.

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