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HSBC plans to price contingent buffered notes linked to FTSE 100
By Angela McDaniels
Tacoma, Wash., Oct. 25 – HSBC USA Inc. plans to price 0% contingent buffered notes due Dec. 13, 2017 linked to the FTSE 100 index, according to an FWP filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the knock-out level, 85% of the initial index level, the payout at maturity will be par plus 8%. Otherwise, investors will lose 1% for every 1% that the final index level is less than the initial index level.
HSBC Securities (USA) Inc. is the underwriter with JPMorgan Chase Bank NA and J.P. Morgan Securities LLC as placement agents.
The notes will price Oct. 28.
The Cusip number is 40433UZL3.
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