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HSBC eyes digital dual directional barrier notes on MSCI EAFE, Stoxx
Chicago, Feb. 27 – HSBC USA Inc. plans to price 0% digital dual directional barrier notes due March 7, 2022 linked to the lesser performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the lesser-performing asset’s return is greater than its initial value, the payout at maturity will par plus at least 229% of the gain of the lesser performing asset.
If the lesser performing asset finishes lower than its initial value but above its 75% trigger value, the payout will be par plus the absolute value of the return of the least performing asset.
Otherwise, investors will lose 1% for every 1% that the lesser-performing asset’s final level is less than its initial level.
HSBC Securities (USA) Inc. is the agent.
The notes will price Feb. 28 and settle March 5.
The Cusip number is 40435UFC3.
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