HSBC plans to price market plus notes linked to Euro Stoxx 50

By Sarah Lizee

Olympia, Wash., Aug. 27 – HSBC USA Inc. plans to price 0% market plus notes due Sept. 2, 2025 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

A knock-out event will occur if the final share price is less than the initial share price by more than 25%.

If a knock-out event has not occurred, the payout at maturity will be par plus the greater of (a) 142% of the index return and (b) zero. If a knock-out event has occurred, 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 underwriter. JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

The notes will price on Aug. 28.

The Cusip number is 40438CUC3.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.