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HSBC eyes buffered uncapped market participation notes on Stoxx
Chicago, Feb. 27 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due March 5, 2021 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 double any index gain.
Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40435UFQ2) will price on Feb. 28 and settle on March 5.
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