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HSBC plans market-linked notes with leveraged upside tied to Stoxx 50
By Susanna Moon
Chicago, Oct. 16 – HSBC USA Inc. plans to price 0% market-linked notes due April 28, 2023 linked to the Euro Stoxx 50 index, according to an FWP filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 110% to 120% of any index gain, up to a cap of 43% to 48%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. and UBS Financial Services Inc. are the agents.
The notes will price on Oct. 27 and settle on Oct. 31.
The Cusip number is 40435FJB4.
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