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HSBC to price buffered uncapped market participation notes linked to Energy Select Sector fund
By Toni Weeks
San Luis Obispo, Calif., April 1 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due April 30, 2019 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain. Investors will receive par if the fund falls by up to 25% and will lose 1% for every 1% decline beyond the 25% buffer.
HSBC Securities (USA) Inc. is the agent.
The notes will price April 27 and settle April 30.
The Cusip number is 40433BN46.
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