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HSBC plans to price PLUS linked to Euro Stoxx 50 index
By Angela McDaniels
Tacoma, Wash., April 1 – HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due Aug. 3, 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 payment of $12 per note. If the index return is negative, investors will be fully exposed to the index’s decline.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes are expected to price April 30 and settle May 5.
The Cusip number is 40434G692.
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