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HSBC plans three-year barrier growth autocallables linked to S&P 500
By Susanna Moon
Chicago, Dec. 30 – HSBC USA Inc. plans to price 0% autocallable growth barrier notes due Jan. 29, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be called at 110 if the index finishes closes above the 110% call level on Jan. 25, 2017.
If the index finishes at or above the initial level, the payout at maturity will be par plus at least 110% of any gain. The exact participation rate will be set at pricing.
If the index falls by up to the 75% trigger level, the payout will be par.
Otherwise, the payout will be par plus the index return, with full exposure to losses.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Jan. 26 and settle on Jan. 29.
The Cusip number is 40433UFV3.
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