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HSBC to price buffered digital notes due 2021 tied to Euro Stoxx 50
By Sarah Lizee
Olympia, Wash., Nov. 8 – HSBC USA Inc. plans to price 0% buffered digital notes due Nov. 30, 2021 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus the digital upside return of at least 22.25%. The exact digital return will be set at pricing.
If the index falls by more than 15%, investors will lose 1% for each 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Nov. 27 and settle on Nov. 30.
The Cusip number is 40435F6T9.
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