HSBC plans barrier leveraged tracker notes on SPDR Euro Stoxx 50 ETF

By Toni Weeks

San Luis Obispo, Calif., June 11 – HSBC USA Inc. plans to price 0% 3.5-year barrier leveraged tracker notes linked to the SPDR Euro Stoxx 50 ETF, according to an FWP filing with the Securities and Exchange Commission.

If the fund return is greater than zero, the payout at maturity will be par plus at least 160% of the fund return. The exact upside participation rate will be set at pricing. Investors will receive par if the fund falls by up to 10% and will be fully exposed to losses from the initial level if the fund falls below the 90% barrier level.

HSBC Securities (USA) Inc. is the underwriter.

The Cusip number is 40433BEL8.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.