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HSBC plans leveraged performance notes on HSBC Vantage5 index
By Susanna Moon
Chicago, May 18 – HSBC USA Inc. plans to price 0% leveraged performance notes due May 26, 2025 linked to the HSBC Vantage5 Index (USD) Excess Return, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 1.5 times the index return. The exact participation rate will be set at pricing.
If the index falls the payout will be par.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price on May 25 and settle on May 31.
The Cusip number is 40435FA64.
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