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HSBC plans buffered uncapped notes linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., June 23 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due May 1, 2019 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 100% of any index gain. The exact participation rate will be set at pricing.
Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price July 28 and settle July 31.
The Cusip number is 40433B2X5.
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