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HSBC plans barrier market participation notes linked to Russell 2000
By Tali Rackner
Norfolk, Va., Sept. 29 – HSBC USA Inc. plans to price 0% barrier market participation notes due Oct. 30, 2018 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus at least 100% of the index return. The exact upside participation rate will be set at pricing.
Investors will receive par if the index falls by 25% or less and will be fully exposed to the index’s decline if it falls by more than 25%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Oct. 27 and settle on Oct. 30.
The Cusip number is 40433UBF2.
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