HSBC to price autocallable barrier notes tied to FTSE 100, Russell

By Emma Trincal

New York, Dec. 10 – HSBC USA Inc. plans to price 0% autocallable barrier notes due Dec. 17, 2024 linked to the lesser performing of the FTSE 100 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be called at par plus 10% per year if each index closes at or above its initial level on any quarterly observation date.

The payout will be par unless any index has finished below its 70% barrier level, in which case investors will lose 1% for each 1% decline of the lesser performing index from its initial level.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Dec. 12 and settle on Dec. 17.

The Cusip number is 40435UU44.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.