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HSBC plans 0% barrier accelerated participation notes tied to Russell
By Wendy Van Sickle
Columbus, Ohio, Oct. 1 – HSBC USA Inc. plans to price 0% barrier accelerated market participation securities linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
Investors will receive par plus 150% of any index gain up to a cap of at least 50%.
If the index declines but finishes at or above the knock-in level of 25%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Oct. 23 and settle on Oct. 30.
The Cusip number is 40433UAN6.
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