HSBC plans five-year barrier enhanced notes tied to the Dow, Russell

By Susanna Moon

Chicago, Sept. 21 – HSBC USA Inc. plans to price 0% barrier enhanced participation notes due Sept. 29, 2022 linked to the least performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If each index finishes at or above its initial level, the payout at maturity will be par plus at least 1.45 times the gain of the worse performing index.

If either index falls but finishes at or above its 50% barrier level, the payout will be par.

Otherwise, investors will lose 1% for each 1% loss of the worse performing index.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Sept. 26 and settle on Sept. 29.

The Cusip number is 40435FFT9.

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