HSBC plans barrier accelerated participation notes on Regional banks

New York, July 2 – HSBC USA Inc. plans to price 0% barrier accelerated market participation securities linked to the SPDR S&P Regional Banking exchange-traded fund, according to an FWP with the Securities and Exchange Commission.

Investors will receive par plus 200% of any ETF gain up to par plus a cap of at least 38.75%. The exact cap will be set at pricing.

If the index declines but finishes at or above the barrier level of 80% of the initial value, the payout will be par.

Otherwise, investors will be fully exposed to any losses.

HSBC Securities (USA) Inc. is the agent.

The notes will price on July 20 and settle on July 27.

The Cusip number is 40435FJ81.

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