HSBC plans six-year digital barrier notes with cap linked to Euro Stoxx 50

By Susanna Moon

Chicago, July 7 – HSBC USA Inc. plans to price 0% digital barrier notes due July 29, 2022 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and the minimum upside return of 50% to 55%. The exact digital return will be set at pricing.

Investors will receive par if the index falls by up to 40% and will be fully exposed to any losses if the index finishes below its 60% barrier level.

HSBC Securities (USA) Inc. is the agent.

The notes will price on July 22 and settle on July 29.

The Cusip number is 40433URE8.

© 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.