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HSBC will price barrier digital return notes linked to S&P, Russell
By Devika Patel
Knoxville, Tenn., Dec. 22 – HSBC USA Inc. plans to price 0% barrier digital return notes due Dec. 30, 2019 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to an FWP filed with the Securities and Exchange Commission.
If each index finishes at or above its barrier level, 75% of its initial level, the payout at maturity will be par plus the digital return which is expected to be at least 24% and will be set at pricing.
Otherwise, investors will lose 1% for each 1% decline in the worst performing index.
HSBC Securities (USA) Inc. is the agent.
. The notes (Cusip: 40433UJ80) are expected to price on Dec. 27 and settle on Dec. 30.
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