HSBC plans to price market plus notes linked to Euro Stoxx 50

By Angela McDaniels

Tacoma, Wash., May 5– HSBC USA Inc. plans to price 0% market plus notes due May 13, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

A knock-out event occurs if the final index level has decreased, as compared to the initial level, by more than 30%.

If a knock-out event has not occurred, the payout at maturity will be par plus the greater of the index return and zero. Otherwise, investors will be fully exposed to the index’s decline.

HSBC Securities (USA) Inc. is the underwriter. J.P. Morgan Securities LLC is the placement agent.

The notes will price May 8 and settle May 13.

The Cusip number is 40433BV96.

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