HSBC plans leveraged buffered uncapped participation notes on S&P MidCap 400, Russell 2000

By Jennifer Chiou

New York, May 24 - HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due June 4, 2019 linked to the S&P MidCap 400 index with a 75% weight and the Russell 2000 index with a 25% weight, according to an FWP with the Securities and Exchange Commission.

If the basket return is positive, the payout at maturity will be par plus 1.18 to 1.28 times the return.

Investors will receive par if the basket declines by up to the 25% buffer amount and will lose 1.3333% for every 1% that the basket declines beyond the buffer.

The notes (Cusip: 40432XFS5) will price on May 30 and settle on June 4.

HSBC Securities (USA) Inc. is the underwriter.

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