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HSBC to price six-year barrier enhanced participation notes on the Dow
By Marisa Wong
Morgantown, W.Va., Sept. 20 – HSBC USA Inc. plans to price 0% barrier enhanced participation notes due Sept. 29, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus at least 160% of the index return. Investors will receive par if the index falls by up to 30% and will be fully exposed to losses from the initial index level if the index falls by more than 30%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Sept. 22.
The Cusip number is 40435FEW3.
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