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HSBC to price buffered return enhanced notes linked to index basket
By Angela McDaniels
Tacoma, Wash., April 4 – HSBC USA Inc. plans to price 0% buffered return enhanced notes due April 12, 2021 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket includes the Euro Stoxx 50 index with a 39% weight, the Topix index with a 26% weight, the FTSE 100 index with a 15% weight, S&P/ASX 200 index with an 11% weight and the Swiss Market index with a 9% weight.
If the basket return is positive, the payout at maturity will be par plus 162% of the basket return. Investors will receive par if the basket declines by 15% or less and will lose 1.1765% for every 1% that the basket declines beyond 15%.
HSBC Securities (USA) Inc. is the underwriter, and JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are acting as placement agents.
The notes will price April 5.
The Cusip number is 40435ULN2.
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