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HSBC plans to price digital barrier notes linked to Euro Stoxx 50
By Marisa Wong
Morgantown, W.Va., Sept. 12 – HSBC USA Inc. plans to price 0% digital barrier notes due Sept. 30, 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 zero, the payout at maturity will be par plus the greater of the index return and the minimum upside return, which is expected to be 65% to 70% and will be set at pricing. If the index return is less than zero but greater than or equal to negative 30%, the payout will be par. If the index return is less than negative 30%, investors will be fully exposed to the decline from the initial level.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price Sept. 23.
The Cusip number is 40433UTV8.
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