HSBC plans to price five-year market plus notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., June 13 – HSBC USA Inc. plans to price 0% market plus notes due June 17, 2022 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index gains, finishes flat or falls by up to the 32.25% knock-out buffer, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 0%. Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the underwriter, and J.P. Morgan Securities LLC and JPMorgan Chase Bank NA are placement agents.

The notes will price on June 14.

The Cusip number is 40435FAB3.

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