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HSBC plans to price digital barrier notes tied to Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., Oct. 13 – HSBC USA Inc. plans to price 0% digital barrier notes due Oct. 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 positive, the payout at maturity will be the greater of the return and the minimum upside return, which is expected to be between 48% and 53% and will be set at pricing. If the index return falls by up to 50%, the payout will be par. If the index return is less than negative 50%, investors will lose 1% for each 1% decline.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40433UVV5) will price on Oct. 21 and settle on Oct. 28.
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