HSBC plans buffered accelerated return notes linked to S&P 500

By Jennifer Chiou

New York, June 5 – HSBC USA Inc. plans to price 0% buffered accelerated return notes due June 26, 2024 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.

If the final index level is greater than the initial index level, the payout at maturity will be par plus at least 1.5 times the gain.

Investors will receive par if the index falls by up to 50% and will be exposed to declines beyond 50% at a rate of 2% per 1% drop.

The notes (Cusip: 40433BEC8) are expected to price on June 23 and settle on June 26.

HSBC Securities (USA) Inc. is the agent.

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