HSBC eyes buffered digital notes tied to Dow Jones Industrial Average

By Wendy Van Sickle

Columbus, Ohio, Nov. 2 – HSBC USA Inc. plans to price 0% buffered digital notes due Nov. 30, 2021 linked to the Dow Jones Industrial Average, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, investors will receive the greater of the return and the digital upside payment which is expected to fall between 20% and 25% and will be set at pricing. Investors will receive par if the index falls by up to 20%.

Otherwise, investors will lose 1% for each 1% decline beyond 20%.

HSBC Securities (USA) Inc. is the agent.

The notes (Cusip: 40433UYS9) will price on Nov. 21 and settle on Nov. 26.

© 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.