HSBC plans trigger PLUS due 2019 with cap linked to iShares MSCI EM

By Susanna Moon

Chicago, May 18 – HSBC USA Inc. plans to price 0% trigger Performance Leveraged Upside Securities due May 23, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP 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 51%.

Investors will receive par if the fund falls by 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 Smith Barney LLC handling distribution.

The notes will price on May 20 and settle on May 25.

The Cusip number is 40434V707.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.