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HSBC eyes 27- to 30-month leveraged buffered capped notes on basket
By Sarah Lizee
Olympia, Wash., March 25 – HSBC USA Inc. plans to price 27- to 30-month 0% leveraged buffered capped notes linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The exact maturity will be set at pricing.
The basket consists of the Euro Stoxx 50 index with a 36% weight, the Topix index with a 27% weight, the FTSE 100 index with a 20% weight, the Swiss Market index with a 9% weight and the S&P/ASX 200 index with an 8% weight.
The payout at maturity will be par plus 2.6 times any basket gain, up to a maximum settlement amount that is expected to be between $1,449.54 and $1,527.54 per $1,000 of notes and will be set at pricing.
Investors will receive par if the index falls by up to 20% and will lose 1.25% for every 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the agent.
The Cusip number is 40435UJX3.
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