HSBC plans leveraged buffered uncapped notes due 2022 on Euro Stoxx

By Devika Patel

Knoxville, Tenn., April 18 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due April 27, 2022 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 200% of 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: 40435FWU7) will price on April 20 and settle on April 27.

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