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HSBC plans lookback allocator notes linked to three indexes
By Marisa Wong
Madison, Wis., Oct. 3 – HSBC USA Inc. plans to price 0% lookback allocator notes linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.
The notes are expected to mature between four and five years after pricing.
The basket includes the S&P 500 index, the Euro Stoxx 50 index and the Hang Seng China Enterprises index. On the final valuation date, the index with the best return will be given a 60% weight, the index with the second best return will be given a 30% weight, and the index with the lowest return will be given a 10% weight.
The payout at maturity will be par plus the basket return. Investors will be fully exposed to any decline in the basket.
HSBC Securities (USA) Inc. is the agent.
The notes will price Oct. 24 and settle Oct. 29.
The Cusip number is 40433BQB7.
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