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HSBC plans barrier leveraged tracker notes on Hang Seng China index
By Jennifer Chiou
New York, June 5 – HSBC USA Inc. plans to price 0% barrier leveraged tracker notes due June 27, 2018 linked to the Hang Seng China Enterprises index, according to an FWP with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus at least 140% of the index return.
If the index falls by up to 25%, the payout will be par. If the index falls by more than 25%, investors will be fully exposed to the index decline.
The notes (Cusip: 40433BEG9) are expected to price on June 24 and settle on June 27.
HSBC Securities (USA) Inc. is the underwriter.
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