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HSBC plans barrier leveraged tracker notes due 2018 linked to DAX
By Marisa Wong
Madison, Wis., Sept. 4 – HSBC USA Inc. plans to price 0% barrier leveraged tracker notes due September 2018 linked to the DAX index, according to an FWP with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus at least 125% of the index return. The exact upside participation rate will be set at pricing.
Investors will receive par if the index falls by up to 30% and will be fully exposed to losses from the initial level if the index falls by more than 30%.
HSBC Securities (USA) Inc. is the agent.
The notes will price and settle in September.
The Cusip number is 40433BNH7.
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