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HSBC plans PLUS notes due 2018 linked to Euro Stoxx 50 index
New York, July 14 – HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due Nov. 5, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any gain subject to a maximum payment of $12.14 per $10 principal amount. The exact cap will be set at pricing.
Investors will lose 1% for each 1% decline in the index.
HSBC Securities (USA) Inc. is the agent, with Morgan Stanley Wealth Management handling distribution.
The notes will price on July 31 and settle on Aug. 3.
The Cusip number is 40435G709.
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