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HSBC plans 18- to 21-month leveraged capped notes tied to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – HSBC USA Inc. plans to price 0% leveraged capped notes due in 18 to 21 months linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.97 to 2.07 times any index gain, up to a maximum settlement amount of $1,197.00 to $1,207 per $1,000 of notes.
Investors will lose 1% for each 1% decline.
The exact deal terms will be set at pricing.
HSBC Securities (USA) Inc. is the agent.
The Cusip number is 40433UXH4.
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