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HSBC plans three-year capped trigger gears tied to iShares MSCI EM
Chicago, Feb. 25 – HSBC USA Inc. plans to price 0% capped trigger gears due Feb. 28, 2022 linked to the iShares MSCI Emerging Markets ETF, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 2 times any fund gain, up to a maximum return of 52.2% to 55.2%. The actual maximum return will be set at pricing.
If the fund falls by up to the 75% downside threshold, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
The notes will price on Feb. 26 and settle on Feb. 28.
The Cusip number is 40436A339.
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