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HSBC plans leveraged buffered uncapped market notes on Euro Stoxx 50
By Jennifer Chiou
New York, Dec. 3 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due Dec. 26, 2017 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 110% of any index gain. The exact upside participation rate will be set at pricing.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
The notes (Cusip: 40433BVL9) will price on Dec. 18 and settle on Dec. 23.
HSBC Securities (USA) Inc. is the agent.
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