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HSBC to price capped buffer gears linked to basket of indexes
By Sarah Lizee
Olympia, Wash., Nov. 25 – HSBC USA Inc. plans to price 0% capped buffer gears due Nov. 30, 2021 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket includes the Euro Stoxx 50 index with a 40% weight, the FTSE 100 index with a 20% weight, the Nikkei 225 index with a 20% weight, the Swiss Market index with a 7.5% weight, the S&P/ASX 200 index with a 7.5% weight and the Hang Seng index with a 5% weight.
The payout at maturity will be par of $10 plus double any basket gain, up to a maximum return of 24.2% to 26.2%.
Investors will receive par if the basket falls by up to 10% and lose 1% for each 1% decline beyond 10%.
HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.
The notes will price on Nov. 26.
The Cusip number is 40438B616.
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