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HSBC aims to sell buffered digital notes tied to Euro Stoxx 50 index
By Devika Patel
Knoxville, Tenn., Dec. 17 – HSBC USA Inc. plans to price 0% buffered digital notes due Dec. 21, 2021 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than or equal to the buffer level, 85% of the initial level, investors will receive par plus the digital upside payment which is expected to be at least 20.5% and will be set at pricing.
Otherwise, investors will lose 1% for each 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40435UBR4) will price on Dec. 18 and settle on Dec. 21.
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