HSBC plans contingent buffered notes due 2021 tied to Boeing

By Sarah Lizee

Olympia, Wash., Jan. 29 – HSBC USA Inc. plans to price 0% contingent buffered notes due May 5, 2021 linked to the common stock of Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.

If the final share price is greater than or equal to the initial share price or is less than the initial share price by up to 27.25%, the payout at maturity will be par plus 10%.

Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.

The notes are guaranteed by JPMorgan Chase & Co.

J.P. Morgan Securities LLC is the placement agent.

The notes will price on Jan. 31.

The Cusip number is 40435U3R3.

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