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HSBC plans to price market participation notes linked to three indexes
By Angela McDaniels
Tacoma, Wash., May 4 - HSBC USA Inc. plans to price 0% market participation notes due May 27, 2016 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.
The equally weighted basket includes the Euro Stoxx 50, Hang Seng and S&P 500 indexes.
The payout at maturity will be par plus the basket return, subject to a minimum payout of par and a maximum payout of 145% to 155% of par. The exact cap will be set at pricing.
The notes will price May 21 and settle May 27.
HSBC Securities (USA) Inc. is the agent.
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