HSBC to price digital barrier notes on iShares MSCI Emerging Markets

By Marisa Wong

Morgantown, W.Va., Feb. 12 – HSBC USA Inc. plans to price 0% digital barrier notes due Feb. 26, 2024 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If the fund finishes at or above its initial level, the payout will be par plus the greater of the return and the minimum upside return of at least 33%.

If the fund falls by up to 30%, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Feb. 16.

The Cusip number is 40435FSG3.

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