HSBC eyes barrier accelerated notes tied to Euro Stoxx Banks index

By Lisa Mayntz

Chicago, Feb. 10 – HSBC USA Inc. plans to price barrier accelerated market participation securities due Feb. 15, 2022 linked to the Euro Stoxx Banks index, according to a FWP filing with the Securities and Exchange Commission.

Investors will receive at maturity par plus 200% of any index gain up to a cap of at least 155%. The exact cap will be set at pricing.

If the index declines but finishes at or above the barrier level of 60%, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Feb. 17 and settle on Feb. 23.

The Cusip number is 40433UQ74.

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