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HSBC to price buffered coupon notes due 2022 tied to Nasdaq-100
By Sarah Lizee
Olympia, Wash., Aug. 24 – HSBC USA Inc. plans to price 0% buffered coupon notes due Feb. 28, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 90% of its initial level, the payout will be par plus 12.3%.
If the index finishes below 90% of its initial level, investors will lose 1.1111% for every 1% decline beyond the buffer.
JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC are the placement agents.
The notes will price on Aug. 26.
The Cusip number is 40438CRD5.
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