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HSBC plans leveraged buffered uncapped market notes on Hang Seng China
By Susanna Moon
Chicago, Jan. 5 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due Jan. 29, 2018 linked to the Hang Seng China Enterprises index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.2 times any index gain.
Investors will receive par if the index falls by up to 16% and will lose 1% for every 1% decline beyond 16%.
HSBC Securities (USA) Inc. is the agent.
The notes are expected to price on Jan. 23 and settle on Jan. 28.
The Cusip number is 40433BXM5.
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