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HSBC plans to price return enhanced notes due 2016 on Euro Stoxx 50
By Jennifer Chiou
New York, Feb. 12 – HSBC USA Inc. plans to price 0% return enhanced notes due March 2, 2016 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus three times any gain in the index, up to a maximum return of 19.17%.
Investors will share in any losses.
The notes (Cusip: 40433BB23) will price on Feb. 13 and settle on Feb. 19.
J.P. Morgan Securities LLC and JPMorgan Chase Bank NA are the placement agents.
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