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HSBC plans barrier leveraged tracker notes linked to Euro Stoxx 50
By Jennifer Chiou
New York, Oct. 22 – HSBC USA Inc. plans to price 0% barrier leveraged tracker notes due October 2017 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus at least 135% of the index return. The exact upside participation rate will be set at pricing.
Investors will receive par if the index falls by up to 20% and will be fully exposed to losses from the initial level if the index falls by more than 20%.
The notes (Cusip: 40433BRM2) are expected to price and settle in October.
HSBC Securities (USA) Inc. is the underwriter.
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