HSBC to price leveraged buffered uncapped notes due 2023 on Stoxx

By Sarah Lizee

Olympia, Wash., Aug. 31 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due Sept. 28, 2023 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 at least 2.13 times any index gain. The exact upside participation rate will be set at pricing.

Investors will receive par if the index falls by 25% or less and will lose 1% for every 1% decline beyond 25%.

HSBC Securities (USA) Inc. is the underwriter.

The notes (Cusip: 40435FZ83) will price on Sept. 25 and settle on Sept. 28.

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