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HSBC plans leveraged buffered uncapped market participation securities linked to Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Nov. 2 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due Nov. 29, 2021 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.3 to 1.35 times any index gain. Investors will receive par if the index declines by up to 25% and will be exposed to any declines beyond 25%.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40433UYE0) will price on Nov. 18 and settle on Nov. 28.
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