HSBC plans growth barrier autocallables linked to Energy Select SPDR

By Wendy Van Sickle

Columbus, Ohio, May 5 – HSBC USA Inc. plans to price 0% autocallable growth barrier notes due May 31, 2019 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus at least 14% if the fund closes above the 110% call level on May 26, 2017.

The payout at maturity will be par plus at least 140% of any fund gain.

Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund finishes below the 75% barrier level.

The exact deal terms, including call premium and upside participation rate, will be set at pricing.

HSBC Securities (USA) Inc. is the agent.

The notes will price on May 25 and settle on May 31.

The Cusip number is 40433UMN3.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.