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HSBC to price Leveraged Index Return Notes linked to the Dow
By Jennifer Chiou
New York, Nov. 27 - HSBC USA Inc. plans to price Leveraged Index Return Notes due December 2018 linked to the Dow Jones industrial average, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 100% to 120% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.
The notes are expected to price and settle in December.
BofA Merrill Lynch is the agent.
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