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HSBC plans to price digital barrier notes linked to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, March 11 – HSBC USA Inc. plans to price 0% digital barrier notes due March 28, 2022 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index gains or stays the same, the payout at maturity will be par plus the greater of the index return and the minimum upside return of between 58% and 63%.
Investors will receive par if the index falls by up to 30%. Investors will be fully exposed to the index’s decline if it falls by more than 30%.
HSBC Securities (USA) is the agent.
The notes will price on March 18 and settle on March 28.
The Cusip number is 40433UKA3.
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