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HSBC plans 18-month digital dual directional notes tied to Euro Stoxx
By Susanna Moon
Chicago, Nov. 9 – HSBC USA Inc. plans to price 0% digital dual directional notes due May 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the 85% barrier level, the payout at maturity will be par plus the greater of the minimum upside return of 5% and the index gain up to a maximum return of at least 20%.
If the index falls by more than 15%, the payout will be par plus the index return with full exposure to any losses.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price and settle in November.
The Cusip number is 40433UDE3.
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