HSBC plans six-year contingent income barrier notes on iShares Russell

By Susanna Moon

Chicago, Dec. 3 – HSBC USA Inc. plans to price contingent income barrier notes due December 2021 linked to the iShares Russell 2000 exchange-traded fund, according to an FWP filed with the Securities and Exchange Commission.

The notes will pay a contingent quarterly coupon at an annual rate of 6% if the fund closes at or above the 60% coupon barrier level on the determination date for that quarter.

If the fund finishes at or above the 60% trigger level, the payout at maturity will be par plus the contingent payment.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

The notes will price and settle in December.

The Cusip number is 40433UES1.

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