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HSBC plans buffered uncapped market participation notes on S&P 500
By Jennifer Chiou
New York, March 5 - HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Sept. 28, 2017 linked to the S&P 500 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
The notes (Cusip: 40432XVL2) are expected to price on March 25 and settle on March 28.
HSBC Securities (USA) Inc. is the agent.
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