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HSBC plans digital dual directional barrier notes linked to Euro Stoxx
By Angela McDaniels
Tacoma, Wash., Jan. 21 – HSBC USA Inc. plans to price 0% digital dual directional barrier notes due July 2019 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 or equal to negative 25%, the payout at maturity will be par plus the index return, subject to a minimum return of 17% and a maximum return that is expected to be 40% to 50% and will be set at pricing. If the index return is less than negative 25%, investors will be fully exposed to the decline.
HSBC Securities (USA) Inc. is the agent.
The notes will price and settle in January.
The Cusip number is 40433UGM2.
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