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HSBC plans six-year digital plus barrier notes tied to S&P 500 index
New York, June 10 – HSBC USA Inc. plans to price 0% digital plus barrier notes due June 24, 2022 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than or equal to the barrier level, the payout at maturity will be par plus the greater of the index return and the minimum upside return, which will be at least 35% and will be set at pricing.
Investors will be fully exposed to the index’s decline if it falls below the barrier level, which will be set at 30% below the initial level.
HSBC Securities (USA) Inc. is the agent.
The notes will price on June 17 and settle on June 24.
The Cusip number is 40433UPS9.
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