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HSBC plans to price 15-month PLUS linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Oct. 3 – HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due Feb. 5, 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return that is expected to be at least 17.75% and will be set at pricing. If the index return is negative, investors will have one-to-one exposure to the decline.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes will price on Oct. 31 and settle on Nov. 5.
The Cusip number is 40434D525.
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