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HSBC to price digital notes tied to four emerging markets currencies
New York, May 24 – HSBC USA Inc. plans to price 0% digital notes due June 1, 2021 linked to a basket of four currencies, according to an FWP filing with the Securities and Exchange Commission.
The basket is made up of the Brazilian real, the Russian ruble, the Indian rupee and the Chinese renminbi, each relative to the dollar and each with an equal weight.
If the basket return is positive, the payout at maturity will be par plus 26.8%.
Otherwise the payout will be par.
HSBC Securities (USA) Inc. is the agent with JPMorgan as placement agent.
The notes will price on May 25 and settle on May 30.
The Cusip number is 40435FF69.
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