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HSBC to price Leveraged Index Return Notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., March 12 – HSBC USA Inc. plans to price 0% Leveraged Index Return Notes due March 2020 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 115% to 135% of the index return. The exact upside participation rate will be set at pricing. Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% that it declines beyond 20%.
BofA Merrill Lynch is the underwriter.
The notes will price in March and settle in April.
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