HSBC plans five-year buffered uncapped market notes on Euro Stoxx

By Marisa Wong

Madison, Wis., Sept. 4 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Sept. 26, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus at least 140% times any index gain. The exact upside participation rate will be set at pricing.

Investors will receive par if the index falls by up to 20%, and will lose 1% for every 1% decline beyond the 20% buffer.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Sept. 19 and settle on Sept. 26.

The Cusip number is 40433BLK2.

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