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HSBC plans digital return notes tied to Euro Stoxx 50 with 90% barrier
By Wendy Van Sickle
Columbus, Ohio, May 25 – HSBC USA Inc. plans to price 0% digital return notes due June 14, 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 90% barrier level, the payout at maturity will be par plus a digital return of 9%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on May 27 and settle on June 2.
The Cusip number is 40434UPG5.
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