HSBC to price leveraged buffered uncapped notes on Euro Stoxx 50

By Marisa Wong

Morgantown, W.Va., Aug. 7 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due Aug. 15, 2022 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 1.75 times any index gain. The exact upside participation rate will be set at pricing.

Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Aug. 9.

The Cusip number is 40435FEC7.

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