HSBC plans barrier enhanced participation notes linked to energy fund

By Toni Weeks

San Luis Obispo, Calif., April 2 – HSBC USA Inc. plans to price 0% barrier enhanced participation notes due April 30, 2019 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.

The payout at maturity will be par plus 1.15 times any fund gain. Investors will receive par if the fund falls by up to 25% and will be fully exposed to losses from the initial level if the fund falls by more than 25%.

HSBC Securities (USA) Inc. is the agent.

The exact terms will be set at pricing.

The notes will price April 27 and settle April 30.

The Cusip number is 40433BN46.

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