HSBC plans barrier enhanced participation notes linked to EM fund

By Angela McDaniels

Tacoma, Wash., Sept. 16 – HSBC USA Inc. plans to price 0% barrier enhanced participation notes due Oct. 7, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.

If the ETF return is greater than zero, the payout at maturity will be par plus 115% of the ETF return. Investors will receive par if the ETF falls by up to 25% and will be fully exposed to losses from the initial share price if the ETF falls by more than 25%.

HSBC Securities (USA) Inc. is the agent.

The notes will price Sept. 30.

The Cusip number is 40433UVQ6.

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