HSBC plans dual directional barrier notes on MSCI EAFE, Euro Stoxx 50

By Devika Patel

Knoxville, Tenn., Dec. 21 – HSBC USA Inc. plans to price 0% dual directional barrier notes due Feb. 7, 2022 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to an FWP filed with the Securities and Exchange Commission.

If each underlying finishes at or above its initial level, the payout at maturity will be par plus at least 245% of the lesser-performing underlying’s return, with the exact participation rate to be set at pricing.

If either underlying falls, but both finish at or above 75% of their respective initial levels, the payout at maturity will be par plus the absolute value of the lesser-performing underlying’s return.

Investors will lose 1% for each 1% loss of the worst performing underlying from its initial level if either underlying finishes below the 75% trigger level.

HSBC Securities (USA) Inc. is the agent.

The notes (Cusip: 40435UDD3) will price on Jan. 31 and settle on Feb. 5.

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