HSBC to price three-year return enhanced notes linked to S&P 500

By Marisa Wong

Morgantown, W.Va., May 24 – HSBC USA Inc. plans to price 0% return enhanced notes due June 1, 2021 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

If the index return is positive, the payout at maturity will be par plus 133.25% times the index gain. Investors will be fully exposed to any index decline.

J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are the placement agents.

The notes will price on May 25.

The Cusip number is 40435FF77.

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