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HSBC plans trigger performance securities linked to Dow Industrials
By Susanna Moon
Chicago, July 21 - HSBC USA Inc. plans to price 0% trigger performance securities due July 30, 2021 linked to the Dow Jones Industrial Average, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a return cap of 60% to 70%.
Investors will be exposed to losses, with a minimum payout of $950 per $1,000 principal amount.
UBS Financial Services Inc. and HSBC USA Inc. are the underwriters.
The notes will price on July 22 and settle on July 29.
The Cusip number is 4042K1KG7.
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