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HSBC to price twin participation notes linked to Euro Stoxx
By Marisa Wong
Madison, Wis., Sept. 4 – HSBC USA Inc. plans to price 0% twin participation 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 final index level is greater than the initial index level, the payout at maturity will be par plus 127% to 133% of the index gain. The exact participation rate will be set at pricing.
If the final index level is at least 60% of the initial index level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% that the final level is less than the initial level.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Sept. 19 and settle on Sept. 26.
The Cusip number is 40433BNG9.
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