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HSBC plans leveraged buffered uncapped market participation securities linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., April 1 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due Oct. 30, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 1.1 times any index gain. The exact 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 the 15% buffer.
HSBC Securities (USA) Inc. is the agent.
The notes will price April 27 and settle April 30.
The Cusip number is 40433BL22.
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