HSBC plans digital barrier notes linked to S&P 500, Stoxx 50, Russell

By Susanna Moon

Chicago, Oct. 24 – HSBC USA Inc. plans to price 0% digital barrier return notes due Dec. 2, 2019 linked to the lesser performing of the S&P 500 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index never closes below its 70% knock-in level during the life of the notes, the payout at maturity will be par plus a digital return of at least 6%.

Otherwise, investors will receive par plus the return of the worst performing index with full exposure to any losses.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Oct. 26 and settle on Oct. 31.

The Cusip number is 40435F5L7.

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