HSBC plans five-year Leveraged Index Return Notes tied to the Dow

By Marisa Wong

Morgantown, W.Va., Jan. 30 – HSBC USA Inc. plans to price 0% Leveraged Index Return Notes due February 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par of $10 plus 101% to 121% of any index gain.

Investors will receive par if the index declines up to 20% and will be exposed to declines in the index beyond 20%.

BofA Merrill Lynch is the agent.

The notes will price in February and settle in March.

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