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HSBC plans trigger jump securities due 2022 linked to Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., Dec. 30 – HSBC USA Inc. plans to price 0% trigger jump securities due Feb. 3, 2022 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will equal par of $10 plus the greater of the return and the upside payment, which is expected to be at least 53% and will be set at pricing.
Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if the index finishes below the 65% trigger level.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40434K214) will price on Jan. 29 and settle on Feb. 3.
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