HSBC plans dual directional trigger jump notes on SPDR S&P Oil & Gas

By Susanna Moon

Chicago, March 14 – HSBC USA Inc. plans to price 0% dual directional trigger jump securities due April 3, 2019 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the fund finishes at or above the initial price, the payout at maturity will be par of $10 plus the digital return of 60%.

If the fund falls but finishes at or above the 80% trigger level, the payout will be par plus the absolute value of the return.

If the fund falls by more than 20%, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

The notes will price on March 31 and settle on April 5.

The Cusip number is 40434N523.

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