HSBC to price autocallable barrier notes on Dow, Stoxx, MSCI Japan ETF

By Tali Rackner

Norfolk, Va., June 21 – HSBC USA Inc. plans to price autocallable barrier notes with contingent return due June 30, 2021 linked to the least performing of the Dow Jones industrial average, the Euro Stoxx 50 index and the iShares MSCI Japan exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

The notes will called at par plus a quarterly contingent coupon of 8% to 9% per year if each asset closes at or above its initial level on any quarterly observation date.

The payout at maturity will be par plus the final contingent coupon unless any assed closes below 70% of its initial value, in which case investors will be fully exposed to the loss of the least performing asset.

HSBC Securities (USA) Inc. is the agent.

The notes are expected to price on June 27 and settle on June 30.

The Cusip number is 40433UPX8.

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