HSBC plans 10-year barrier income notes linked to Russell, Euro Stoxx

By Susanna Moon

Chicago, May 8 - HSBC USA Inc. plans to price barrier income notes due March 26, 2019 linked to the worse performing of the Russell 2000 index and the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.

The coupon will be 12% annualized for the first seven months and 5% annualized for the rest of the term of the notes. Interest will be payable monthly.

The payout at maturity will be par unless either index finishes below the 50% barrier level, in which case investors will be fully exposed to any losses of the worse performing index.

HSBC Securities (USA) Inc. is the agent.

The notes will price and settle in May.

The Cusip number is 40433BBE7.

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