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HSBC plans five-year trigger performance securities on Euro Stoxx 50
By Jennifer Chiou
New York, Jan. 7 - HSBC USA Inc. plans to price 0% trigger performance securities due Jan. 31, 2019 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 160% to 170% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 25% and will be fully exposed to losses if the index finishes below the 75% trigger level.
The notes (Cusip: 40434B453) are expected to price on Jan. 29 and settle on Jan. 31.
UBS Financial Services Inc. is the agent with HSBC Securities (USA) Inc. as distributor.
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