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HSBC plans dual directional trigger jump securities linked to S&P 500
By Susanna Moon
Chicago, April 25 – HSBC USA Inc. plans to price 0% dual directional trigger jump securities due May 4, 2022 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus the greater of the gain and the digital return of at least 28%.
If the index falls by no more than 30%, the payout will be par plus the absolute value of the return.
If the index finishes below its 70% trigger level, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
The notes will price on April 28.
The Cusip number is 40435D847.
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