HSBC to price digital barrier notes due 2020 linked to Euro Stoxx 50

By Sarah Lizee

Olympia, Wash., July 9 – HSBC USA Inc. plans to price 0% digital barrier notes due Jan. 27, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

If the index finishes at or above its initial level, the payout will be par plus the upside return of at least 13%. The exact upside return will be set at pricing.

If the index falls by up to 25%, the payout will be par. Otherwise, investors will be exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

The notes will price on July 19 and settle on July 26.

The Cusip number is 40435FQ26.

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