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HSBC plans barrier leveraged tracker notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., March 20 – HSBC USA Inc. plans to price 0% barrier leveraged tracker notes due April 26, 2021 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 150% to 155% of the index return. The exact upside participation rate will be set at pricing.
Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if the index falls by more than 40%.
The notes (Cusip: 40433BJ33) are expected to price April 17 and settle April 24.
HSBC Securities (USA) Inc. is the underwriter.
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