HSBC plans five-year trigger performance notes linked to Euro Stoxx 50

By Susanna Moon

Chicago, Nov. 2 – HSBC USA Inc. plans to price 0% trigger performance securities due Nov. 30, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 150% to 160% of any index gain.

If the index falls by up to the 75% trigger level, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter. UBS Financial Services Inc. is agent.

The notes will price on Nov. 25 and settle on Nov. 30.

The Cusip number is 40434K586.

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