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HSBC plans digital dual directional Trigger PLUS linked to S&P 500
By Susanna Moon
Chicago, June 16 – HSBC USA Inc. plans to price 0% worst of digital dual directional Trigger PLUS due June 21, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 150% of the return, up to a maximum return of 18%.
If the index falls by up to the 85% trigger level, the payout at maturity will be par plus absolute value of the return.
Otherwise, the payout will be par plus the index return with full exposure to any losses.
HSBC Securities (USA) Inc. is the underwriter with Morgan Stanley Wealth Management as dealer.
The notes will price on June 17 and settle on June 22.
The Cusip number is 40434V640.
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