HSBC aims to sell 0% Leveraged Index Return notes linked to Dow Jones

By Devika Patel

Knoxville, Tenn., Oct. 25 – HSBC USA Inc. will price 0% Leveraged Index Return Notes due November 2023 linked to the Dow Jones Industrial Average, 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 101% to 121% of the index return. Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%. The exact participation rate will be set at pricing.

BofA Merrill Lynch is the agent.

The notes will price in November and settle in December.

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