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HSBC plans three-year performance securities tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Jan. 17 - HSBC USA Inc. plans to price 0% performance securities due Jan. 31, 2017 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 185% to 195% of any index gain, with the exact participation rate to be set at pricing.
Investors will be fully exposed to losses.
The notes (Cusip: 40434B388) are expected to price on Jan. 29 and settle on Jan. 31.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
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