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HSBC plans to price lookback allocator notes linked to three indexes
By Susanna Moon
Chicago, March 11 – HSBC USA Inc. plans to price 0% lookback allocator notes due in four to five years linked to the S&P 500 index, the Euro Stoxx 50 index and the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 60% of the return of the best performing index, 30% of the return of the second-best performing index and 10% of the return of the worst performing index.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
The notes will price and settle in March.
The Cusip number is 40433BH84.
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