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HSBC plans to price buffered PLUS due 2022 linked to S&P 500 index
New York, June 9 – HSBC USA Inc. plans to price buffered Performance Leveraged Upside Securities due June 22, 2022 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than the initial index level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum payout that is expected to be at least par plus 65.75% and will be set at pricing.
Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% that the index declines beyond 25%.
HSBC Securities (USA) Inc. is the underwriter. Morgan Stanley Wealth Management is a dealer.
The notes will price on June 17 and settle on June 22.
The Cusip number is 40434V657.
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