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HSBC to price Leveraged Index Return Notes linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., April 6 – HSBC USA Inc. plans to price 0% Leveraged Index Return Notes due April 2020 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 of $10 plus 110% to 130% 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 20% and will lose 1% for every 1% that it declines beyond 20%.
BofA Merrill Lynch is the underwriter.
The notes will price and settle in April.
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