HSBC to price digital notes linked to real, ruble, rupee basket

By Marisa Wong

Morgantown, W.Va., March 2 – HSBC USA Inc. plans to price 0% digital notes due March 6, 2020 linked to the performance of an equally weighted basket of three currencies relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.

The basket consists of the Brazilian real, the Russian ruble and the Indian rupee.

If the basket return is positive or zero – meaning that the basket currencies, as a whole, strengthen or remain unchanged relative to the dollar – the payout at maturity will be par plus 21.55%.

If the basket return is negative, the payout will be par.

JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.

The notes will price March 3.

The Cusip number is 40433UW44.

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