HSBC plans barrier enhanced participation notes tied to Euro Stoxx 50

By Marisa Wong

Madison, Wis., June 3 – HSBC USA Inc. plans to price 0% barrier enhanced participation notes due June 28, 2021 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.35 to 1.45 times any index gain. Investors will receive par if the index falls by up to 40% and will be fully exposed to losses from the initial level if the index falls by more than 40%.

The exact terms will be set at pricing.

HSBC Securities (USA) Inc. is the agent.

The notes will price June 19 and settle June 26.

The Cusip number is 40433BX52.

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