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HSBC plans barrier market participation notes linked to S&P 500
By Susanna Moon
Chicago, June 4 – HSBC USA Inc. plans to price 0% barrier market participation notes due July 2, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to the barrier level – 70% to 75% of the initial level – and will be fully exposed to any losses if the index finishes below the barrier level.
The exact terms will be set at pricing.
HSBC Securities (USA) Inc. is the agent.
The notes will price on June 25 and settle on June 30.
The Cusip number is 40433BT73.
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