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HSBC to price lookback allocator notes linked to three indexes
By Angela McDaniels
Tacoma, Wash., Oct. 31 – HSBC USA Inc. plans to price 0% lookback allocator notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index, the Euro Stoxx 50 index and the Hang Seng China Enterprises index.
The tenor is expected to be four to five years.
The payout at maturity will be par plus 60% of the return of the best-performing index, 30% of the return of the second best-performing index and 10% of the return of the worst-performing index. The notes are not principal protected, so the payout could be less than par.
HSBC Securities (USA) Inc. is the agent.
The notes will price and settle in November.
The Cusip number is 40433BTG3.
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