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HSBC plans buffered market participation notes tied to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., April 27 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Feb. 28, 2019 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 100% of the index return. The exact participation rate will be set at pricing. Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% that the index declines beyond 15%.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price May 26 and settle May 29.
The Cusip number is 40433BR26.
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