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HSBC plans autocallable barrier notes on three indexes
By Sarah Lizee
Olympia, Wash., Feb. 11 – HSBC USA Inc. plans to price autocallable barrier notes due Feb. 20, 2025 linked to the least performing of the S&P 500 index, the Euro Stoxx 50 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized premium of at least 12.7% if each index closes at or above its initial level on any annual observation date after one year. The exact call premium will be determined at pricing.
The payout at maturity will be par unless any index finishes negative by more than 40%, in which case investors will be fully exposed to the decline of the worst performing index from its initial level.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Feb. 14.
The Cusip number is 40435U6H2.
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