HSBC plans trigger performance securities linked to Russell 2000

By Marisa Wong

Madison, Wis., Oct. 15 – HSBC USA Inc. plans to price 0% trigger performance securities due Oct. 31, 2019 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 110% to 120% of any index gain. The exact participation rate will be set at pricing.

If the index finishes at or above the trigger level, 75% of the initial level, 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 are expected to price Oct. 28 and settle Oct. 31.

The Cusip number is 40434D384.

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