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HSBC plans three-year buffered uncapped notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Oct. 1 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Oct. 31, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus at least 119% of the index return. The exact participation rate will be set at pricing. Investors will receive par if the index declines by no more than 10% and will lose 1% for every 1% that the index declines beyond 10%.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price Oct. 24 and settle Oct. 31.
The Cusip number is 40433BPC6.
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