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HSBC plans to price lookback allocator notes linked to three indexes
By Angela McDaniels
Tacoma, Wash., April 1 - HSBC USA Inc. plans to price 0% lookback allocator notes due April 30, 2013 linked to the Euro Stoxx 50, MSCI Emerging Markets and S&P 500 indexes, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the allocated return, which is 50% of the highest index return plus 30% of the second-best index return plus 20% of the lowest index return. The allocated return can be positive or negative.
The notes are expected to price April 27 and settle April 30.
HSBC Securities (USA) Inc. is the agent.
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