Deutsche Bank readies capped gears linked to S&P 500; HSBC preps Euro Stoxx 50-linked notes

By Sheri Kasprzak

New York, Aug. 5 – It was a slower session for new structured products offerings. There were quite a few upcoming deals announced.

Among them, Deutsche Bank AG, London Branch has zero-coupon capped gears linked to the S&P 500 index in the works.

The gears are due Oct. 31, 2017 and pay at maturity par of $10 plus triple any index gain up to a maximum return of 13% to 16% with the exact cap to be set at pricing. Investors will be fully exposed to any losses.

UBS Financial Services Inc. and Deutsche Bank Securities Inc. are the agents for the deal.

The notes are slated to price Aug. 26.

HSBC readies Euro Stoxx notes

Elsewhere, HSBC USA Inc. is expected to price zero-coupon barrier enhanced participation notes linked to the Euro Stoxx 50 index, a popular underlier for the week.

The notes are due March 2, 2020 and pay at maturity par plus 1.55 times any index gain up to a maximum of at least 13% with the exact cap to be set at pricing.

The investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier level.

HSBC Securities (USA) Inc. is the agent for the notes, which will price Aug. 26.

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