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HSBC plans contingent protection leveraged tracker notes on Euro Stoxx
By Marisa Wong
Madison, Wis., April 21 - HSBC USA Inc. plans to price 0% contingent protection leveraged tracker notes due October 2017 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 zero, the payout at maturity will be par plus at least 165% of the index return. The exact upside participation rate will be set at pricing.
If the return is less than or equal to zero but greater than or equal to the barrier level, negative 25%, the payout will be par.
If the return is less than negative 25%, investors will be fully exposed to the decline from the initial level.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price and settle in April.
The Cusip number is 40432XYR6.
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