HSBC plans five-year barrier enhanced notes linked to index, fund

By Susanna Moon

Chicago, Nov. 13 – HSBC USA Inc. plans to price 0% barrier enhanced participation notes due Nov. 25, 2022 linked to the least performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

If each underlying component finishes at or above its initial level, the payout at maturity will be par plus at least 3.55 times the gain of the worse performing index or fund.

Investors will receive par if each component falls by no more than 35% and will be fully exposed to any losses of the worse performing index or fund if it finishes below the 65% barrier level.

HSBC Securities (USA) Inc. is the agent.

The notes will price on Nov. 20 and settle on Nov. 24.

The Cusip number is 40435FLR6.

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