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HSBC plans to price leveraged performance notes due 2021 on Vantage5
By Sarah Lizee
Olympia, Wash., Oct. 10 – HSBC USA Inc. plans to price 0% leveraged performance notes due Oct. 21, 2021 linked to the HSBC Vantage5 Index (USD) Excess Return, according to an FWP filed with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 160% of any index gain, with the exact participation rate to be set at pricing.
If the index falls, the payout will be par.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price on Oct. 18 and settle on Oct. 23.
The Cusip number is 40435F5Q6.
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