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HSBC plans trigger performance securities due 2022 on Euro Stoxx 50
By Jennifer Chiou
New York, June 25 - HSBC USA Inc. plans to price 0% trigger performance securities due June 30, 2022 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 355% to 375% of the index gain. The exact participation rate will be set at pricing.
Investors will receive par if the index falls by up to 50% and will be fully exposed to losses from the initial level if it falls more than 50%.
The notes (Cusip: 40433M583) will price on June 26 and settle on June 29.
HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is the agent.
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