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HSBC amends leverage factor for buffered uncapped notes on Euro Stoxx
By Marisa Wong
Madison, Wis., June 24 – HSBC USA Inc. amended the upside participation rate for its upcoming 0% leveraged buffered uncapped market participation securities due Jan. 31, 2020 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 113% of any index gain. A previous FWP said that the upside participation rate would be at least 111%. The exact 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 40433B3B2.
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