HSBC plans trigger PLUS linked to WisdomTree India Earnings fund

By Toni Weeks

San Luis Obispo, Calif., April 1 – HSBC USA Inc. plans to price 0% trigger Performance Leveraged Upside Securities due May 3, 2018 linked to the WisdomTree India Earnings fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus two times any fund gain, up to a maximum return of 40%.

Investors will receive par if the shares fall by up to 15% and will be fully exposed to the decline if the fund falls below the 85% trigger level.

The notes (Cusip: 40434G726) are expected to price April 30 and settle May 5.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management as the dealer.

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