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HSBC plans barrier market participation notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Sept. 3 – HSBC USA Inc. plans to price 0% barrier market participation 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 greater than zero, the payout at maturity will be par plus at least 100% of the index return. The exact upside participation rate will be set at pricing. Investors will receive par if the index falls by 30% or less and will be fully exposed to the index’s decline if it falls by more than 30%.
HSBC Securities (USA) Inc. is the agent.
The notes will price Sept. 25 and settle Sept. 30.
The Cusip number is 40433B7A0.
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