HSBC plans trigger PLUS linked to WisdomTree Japan Hedged Equity fund

By Angela McDaniels

Tacoma, Wash., Nov. 5 - HSBC USA Inc. plans to price 0% trigger Performance Leveraged Upside Securities due June 5, 2017 linked to the WisdomTree Japan Hedged Equity fund, 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 200% of the fund return, subject to a maximum return that is expected to be at least 41% and will be set at pricing.

If the final share price is less than or equal to the initial share price but is greater than or equal to the trigger price, the payout will be par. The trigger price will be 80% of the initial share price.

If the final share price is less than the trigger price, investors will lose 1% for every 1% that the final share price is less than the initial share price.

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

The notes are expected to price Nov. 29 and settle Dec. 4.

The Cusip number is 40434B818.

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