HSBC plans leveraged buffered capped notes tied to MSCI EAFE index

By Sarah Lizee

Olympia, Wash., March 22 – HSBC USA Inc. plans to price 0% leveraged buffered notes due in 21 to 24 months linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.6 times any index gain, up to a maximum settlement amount of $1,219.52 to $1,257.44 for each $1,000 principal amount.

Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.

HSBC Securities (USA) Inc. is the underwriter.

The Cusip number is 40435UJY1.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.