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HSBC plans barrier leveraged tracker notes linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., May 5 - HSBC USA Inc. plans to price 0% barrier leveraged tracker notes due May 28, 2024 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus 250% to 260% of the index return. The exact upside participation rate will be set at pricing.
If the index falls by up to 50%, the payout will be par. If the index falls by more than 50%, investors will be fully exposed to the index decline.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price on May 22 and settle on May 28.
The Cusip number is 40433BAY4.
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