HSBC plans barrier enhanced notes linked to Energy Select Sector SPDR

By Susanna Moon

Chicago, April 27 – 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 1.2 times to 1.3 times any fund gain, with the exact participation rate to be set at pricing.

Investors will receive par if the fund falls by up to 20% and will be fully exposed to any losses if the fund falls below the 80% barrier level.

HSBC Securities (USA) Inc. is the agent.

The exact terms will be set at pricing.

The notes will price on May 22 and settle on June 1.

The Cusip number is 40433BR59.

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