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HSBC to price buffered digital notes linked to Euro Stoxx 50 index
New York, July 27 – HSBC USA Inc. plans to price 0% buffered digital notes due Aug. 31, 2021 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 85% of its initial level, the payout at maturity will be par plus the digital upside return of at least 21%. The exact digital return will be set at pricing.
If the index falls by more than 15%, investors will lose 1% for each 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Aug. 28 and settle on Aug. 31.
The Cusip number is 40435FU62.
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