HSBC to price buffered market participation notes tied to Russell 2000

By Angela McDaniels

Tacoma, Wash., April 27 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due May 29, 2020 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is greater than zero, the payout at maturity will be par plus the index return. Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% that the index declines beyond 15%.

HSBC Securities (USA) Inc. is the underwriter.

The notes will price May 26 and settle May 29.

The Cusip number is 40433BQ43.

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