HSBC to price Accelerated Return Notes on iShares Global Clean Energy

By Marisa Wong

Los Angeles, Jan. 13 – HSBC USA Inc. plans to price 0% Accelerated Return Notes due March 2022 linked to the iShares Global Clean Energy exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 3 times any gain in the ETF, subject to a maximum return of 28% to 32%. The exact cap will be set at pricing.

Investors will be fully exposed to any ETF decline.

BofA Securities, Inc. is the agent.

The notes will price in January and settle in February.

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