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HSBC to price trigger performance securities linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Feb. 10 – HSBC USA Inc. plans to price 0% trigger performance securities due Feb. 28, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 175% to 185% of the index return. The exact participation rate will be set at pricing.
If the index return is zero or negative and the index’s final level is equal to or greater than the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as agent.
The notes are expected to price Feb. 25 and settle Feb. 27.
The Cusip number is 40434F348.
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