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HSBC to price digital plus barrier notes linked to Euro Stoxx
By Marisa Wong
Madison, Wis., Sept. 4 – HSBC USA Inc. plans to price 0% digital plus barrier notes due Sept. 28, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of any index gain and the 55% to 60% minimum upside return. The exact floor will be set at pricing.
Investors will receive par if the index falls by up to 40% and will be fully exposed to losses if the index falls below the 60% barrier level.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Sept. 19 and settle on Sept. 26.
The Cusip number is 40433BNE4.
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