HSBC plans five-year leveraged buffered uncapped notes on index, fund

By Susanna Moon

Chicago, Sept. 29 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due Oct. 6, 2022 linked to the least performing of the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If each underlying component finishes at or above its initial level, the payout at maturity will be par plus at least 2.75 times the gain of the worse performing component. The exact upside participation rate will be set at pricing.

Investors will receive par if each component falls by up to 25% and will lose 1% for each 1% decline of the worse performing component beyond 25%.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Oct. 3 and settle on Oct. 6.

The Cusip number is 40435FGF8.

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