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HSBC to price buffered return enhanced notes tied to Hang Seng China
By Sarah Lizee
Olympia, Wash., Jan. 30 – HSBC USA Inc. plans to price 0% buffered return enhanced notes due Feb. 3, 2021 linked to the Hang Seng China Enterprises index, according to an FWP filing with the Securities and Exchange Commission.
If the index closes at or above its initial value, the payout at maturity will be par plus 2 times any gain with the payout capped at par plus 29.4%.
If the index declines by up to 20%, the payout will be par. Investors will lose 1.25% for each 1% loss beyond 20%.
The placement agents are JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC.
The notes will price on Feb. 1.
The Cusip number is 40435UGB4.
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