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HSBC plans leveraged buffered uncapped notes linked to Hang Seng China
By Susanna Moon
Chicago, Feb. 5 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due Feb. 25, 2020 linked to the Hang Seng China Enterprises index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 120% of any index gain. The exact upside participation rate will be set at pricing.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes are expected to price on Feb. 20 and settle on Feb. 25.
The Cusip number is 40433BZP6.
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