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HSBC plans six-year buffered uncapped market notes tied to S&P 500
By Susanna Moon
Chicago, Feb. 1 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Feb. 26, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 100% of any index gain.
Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline beyond 25%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Feb. 16 and settle on Feb. 26.
The Cusip number is 40435FRY5.
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