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HSBC plans to price performance barrier notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., March 3 – HSBC USA Inc. plans to price 0% performance barrier notes due Oct. 1, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus at least 150% of the index return. The exact upside participation rate will be set at pricing. If the index declines by 25% or less, the payout will be par. Investors will be fully exposed to the decline if the index falls by more than 25%.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price March 26 and settle March 31.
The Cusip number is 40433BG77.
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