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HSBC plans to price trigger PLUS linked to Euro Stoxx 50 index
By Marisa Wong
Madison, Wis., Dec. 20 - HSBC USA Inc. plans to price 0% trigger Performance Leveraged Upside Securities due Dec. 28, 2015 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 475% to 525% of any gain in the index.
Investors will receive par if the index falls up to 15% and will be fully exposed to losses from the initial level if it drops more than 15%.
The notes (Cusip: 40433T497) are expected to price Dec. 21 and settle Dec. 27.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Smith Barney LLC will handle distribution.
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