HSBC to price trigger jump securities linked to iShares MSCI Brazil

By Angela McDaniels

Tacoma, Wash., July 22 – HSBC USA Inc. plans to price 0% trigger jump securities due Aug. 4, 2021 linked to the iShares MSCI Brazil exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the initial share price, the payout at maturity will be par of $10 plus the upside payment, which is expected to be at least 33.74% and will be set at pricing.

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

If the final share price is less than the trigger price, investors will lose 1% for every 1% that the final share price is less than the initial share price.

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

The notes will price July 31.

The Cusip number is 40436B394.

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