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HSBC plans 17- to 20-month leveraged buffered notes tied to MSCI EAFE
By Angela McDaniels
Tacoma, Wash., July 12 – HSBC USA Inc. plans to price 17- to 20-month 0% leveraged buffered capped notes linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount that is expected to be $1,192 to $1,225 per $1,000 principal amount of notes. Investors will receive par if the index declines by 12.5% or less and will lose 1.1429% for every 1% that the index may decline beyond 12.5%.
The exact maturity date and maximum settlement amount will be set at pricing.
HSBC Securities (USA) Inc. is the underwriter.
The notes are expected to price on July 15.
The Cusip number is 40433URL2.
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