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HSBC plans leveraged buffer capped notes due 2018 tied to index basket
By Susanna Moon
Chicago, Dec. 6 – HSBC USA Inc. plans to price 0% leveraged buffered capped notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with a 37% weight, the FTSE 100 index with a 23% weight, the Topix index with a 23% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The notes are expected to mature between 17 and 20 months after pricing.
The payout at maturity will be par plus 1.5 times any basket gain, up to a maximum settlement amount of $1,303.75 to $1,357.15 per $1,000 of notes. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
The exact deal terms will be set at pricing.
HSBC Securities (USA) Inc. is the agent.
The Cusip is 40433UD86.
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