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HSBC to price buffered digital notes linked to Euro Stoxx 50 index
New York, April 19 – HSBC USA Inc. plans to price 0% buffered digital notes due April 30, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus the digital upside return of at least 20.75%. The exact digital return will be set at pricing.
If the index falls by more than 15%, investors will lose 1% for each 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on April 25 and settle on April 30.
The Cusip number is 40435FXW2.
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