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HSBC intends to price buffered uncapped notes linked to S&P 500 index
By Sarah Lizee
Olympia, Wash., June 1 – HSBC USA Inc. plans to sell 0% buffered uncapped market participation securities due July 6, 2021 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40435FC96) will price June 29 and settle July 5.
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