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HSBC plans enhanced trigger jump securities linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 8 – HSBC USA Inc. plans to price 0% enhanced trigger jump securities due Sept. 20, 2021 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
If the index finishes at or above its trigger level, 70% of the initial level, the payout at maturity will equal par plus the greater of the return and an upside payment of at least 32.5%. The exact upside payment will be determined at pricing.
Investors will be fully exposed to losses if the index finishes below the trigger level.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is the distributor.
The notes will price Sept. 15 and settle Sept. 18.
The Cusip number is 40434K883.
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