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HSBC plans buffered digital notes tied to Stoxx 50, Stoxx Europe 600
New York, June 9 – HSBC USA Inc. plans to price 0% buffered digital securities due June 30, 2020 linked to the worse performing of the Euro Stoxx 50 index and the Stoxx Europe 600 index, according to an FWP filing with the Securities and Exchange Commission.
If both indexes finish at or above their buffer levels, 80%, of their initial levels, the payout at maturity will be par plus the digital upside return, which will be at least 27% and will be set at pricing.
If either index ends below the buffer level, the payout will be 1.25 times the loss of the worse performing index beyond the 20% buffer.
The notes will price on June 27 and settle on June 30.
HSBC Securities (USA) LLC is the underwriter.
The Cusip number is 40433UPP5.
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