HSBC plans four-year trigger PLUS linked to iShares MSCI EM

By Susanna Moon

Chicago, May 1 - HSBC USA Inc. plans to price 0% trigger Performance Leveraged Upside Securities due June 4, 2018 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any fund gain, up to a maximum return of 55%.

Investors will receive par if the fund falls up to 15% and will be fully exposed to any losses if the fund finishes below the 85% trigger level.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as dealer.

The notes will price on May 30 and settle on June 4.

The Cusip number is 40434C592.

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