HSBC intends to price buffered PLUS due 2021 linked to Topix index

By Devika Patel

Knoxville, Tenn., July 3 – HSBC USA Inc. plans to price 0% buffered Performance Leveraged Upside Securities due Aug. 4, 2021 linked to the Topix index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par of $10 plus twice the index return, subject to a maximum payment that will be at least $12.305 per PLUS. The exact cap will be set at pricing.

Investors will receive par if the index declines by up to 10% and will be exposed to any declines beyond 10%.

HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.

The notes (Cusip: 40436B477) are expected to price July 31 and settle Aug. 5.

© 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.