HSBC plans trigger jump securities linked to iShares MSCI Brazil ETF

By Angela McDaniels

Tacoma, Wash., May 30 – HSBC USA Inc. plans to price 0% trigger jump securities due July 3, 2019 linked to the iShares MSCI Brazil Capped exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than the initial share price, the payout at maturity will be par of $10 plus the upside payment, which is expected to be at least 40.75% and will be set at pricing.

If the final share price is less than or equal the initial share price but greater than or equal to the trigger price, the payout will be par. The trigger price will be 90% of the initial share price.

If the final share price is less than the trigger price, investors will be fully exposed to the ETF’s decline from the initial share price.

HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.

The notes will price June 16.

The Cusip number is 40435D417.

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