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HSBC plans five-year 95%-protected market-linked notes on Euro Stoxx
By Susanna Moon
Chicago, Sept. 12 – HSBC USA Inc. plans to price 0% market-linked notes due Sept. 30, 2019 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 40% to 47%. The exact cap will be set at pricing.
If the index falls, the payout will be par plus the index return, subject to a minimum return of 95% of par.
HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.
The notes will price on Sept. 24 and settle on Sept. 29.
The Cusip number is 40433BNR5.
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