A power converter includes at least one leg with a first string including a plurality of controllable semiconductor switches, a first connecting node, and a second connecting node, wherein the first string is operatively coupled across a first bus and a second bus. The at least one leg also includes a second string operatively coupled to the first string via the first connecting node and the second connecting node, wherein the second string includes a plurality of switching units. The first string includes a first branch and a second branch, wherein the second branch is operatively coupled to the first branch via a third connecting node and the third connecting node is coupled to a ground connection.