HSBC plans trigger PLUS linked to two indexes, WisdomTree Japan fund

By Angela McDaniels

Tacoma, Wash., June 4 - HSBC USA Inc. plans to price 0% trigger Performance Leveraged Upside Securities due Jan. 3, 2018 linked to an equally weighted basket of two indexes and an exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The basket includes the S&P 500 index, the Euro Stoxx 50 index and the WisdomTree Japan Hedged Equity fund.

If the basket return is positive, the payout at maturity will be par of $10.00 plus 200% of the basket return, subject to a maximum payment that is expected to be at least $14.30 per notes and will be set at pricing. If the final basket level is less than or equal to the initial level but greater than or equal to the trigger level, 90% of the initial level, the payout will be par. Otherwise, investors will be fully exposed to the basket's decline.

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

The notes are expected to price June 30 and settle July 3.

The Cusip number is 40434C451.

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