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HSBC to price barrier market participation securities on S&P 500 ESG
By Sarah Lizee
Olympia, Wash., July 15 – HSBC USA Inc. plans to price 0% barrier market participation securities due July 31, 2025 linked to the S&P 500 ESG index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the index return. Investors will receive par if the index falls by up to 30%. Otherwise, investors will be fully exposed to the index’s decline from its initial level.
HSBC Securities (USA) Inc. is the agent.
The notes will price on July 28.
The Cusip number is 40438CNY3.
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