HSBC plans leveraged buffered uncapped notes due 2019 on Euro Stoxx

By Tali Rackner

Norfolk, Va., Sept. 29 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due July 30, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 1.05 times any index gain. The exact upside participation rate will be set at pricing.

Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% decline beyond 15%.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price on Oct. 27 and settle on Oct. 30.

The estimated initial value of the notes on the pricing date is expected to be between $900 and $950 per $1,000 principal amount.

The Cusip number is 40433UAY2.

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