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HSBC plans trigger performance notes linked to iShares MSCI EAFE
By Susanna Moon
Chicago, May 8 – HSBC USA Inc. plans to price 0% trigger performance securities due May 29, 2020 linked to the iShares MSCI EAFE exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 145% to 155% of any fund gain. The exact participation rate will be set at pricing.
If the fund falls by up to the 75% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter. UBS Financial Services Inc. is agent.
The notes will price on May 26 and settle on May 29.
The Cusip number is 40434G320.
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