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HSBC plans performance barrier notes due 2016 linked to S&P 500 index
By Susanna Moon
Chicago, Nov. 30 - HSBC USA Inc. plans to price 0% performance barrier notes due June 27, 2016 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 128% to 138% of any index gain.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index drops below the 70% barrier level.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price on Dec. 21 and settle on Dec. 27.
The Cusip number is 40432X4P3.
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