HSBC plans to price trigger PLUS due 2022 linked to Euro Stoxx 50

By Wendy Van Sickle

Columbus, Ohio, July 28 – HSBC USA Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due Sept. 6, 2022 linked to the Euro Stoxx 50 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 at least 190% of the index return.

If the final index level is less than or equal to the initial index level but greater than or equal to the trigger level, the payout will be par. The trigger level is 65% of the initial index level.

If the final index level is less than the trigger level, investors will be fully exposed to the decline from the initial index level.

HSBC Securities (USA) Inc. is the agent. Morgan Stanley Smith Barney LLC is handling distribution.

The notes are expected to price on Aug. 31 and settle on Sept. 6.

The Cusip number is 40434V327.

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