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HSBC plans to price trigger step securities linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Nov. 6 – HSBC USA Inc. plans to price 0% trigger step securities due Nov. 30, 2021 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the step return and the index return. The step return is expected to be 48% to 52% and will be set at pricing. Investors will receive par if the index declines by 25% or less and will be fully exposed to the index’s decline from its initial level if it declines beyond 25%.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
The notes will price Nov. 28.
The Cusip number is 40435H194.
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