HSBC plans market-linked notes due 2021 linked to Euro Stoxx 50 ETF

By Tali Rackner

Norfolk, Va., April 22 – HSBC USA Inc. plans to price 0% market-linked notes due April 30, 2021 linked to the SPDR Euro Stoxx 50 exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the underlying return is positive, the payout at maturity will be par of $10 plus any fund gain, up to a maximum gain that is expected to be between 153% and 163%. The exact cap will be set at pricing.

If the fund return is zero or falls, the payout will be the greater of par plus the return and $9.50 per note.

UBS Financial Services Inc. and HSBC Securities (USA) Inc. the agents.

The notes will price on April 27 and settle on April 29.

The Cusip number is 40434N333.

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