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HSBC plans dual directional barrier notes linked to Euro Stoxx
By Tali Rackner
Norfolk, Va., Feb. 5 – HSBC USA Inc. plans to price 0% dual directional barrier notes due Feb. 28, 2022 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 its initial level, the payout at maturity will be par plus 1.1 times to 1.15 times the index return. The exact participation rate will be set at pricing.
Investors will receive par plus the absolute reference return if the index declines by up to 35% and will be fully exposed to the losses that the index declines from its initial level.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Feb. 19 and settle on Feb. 26.
The Cusip number is 40433UGP5.
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