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HSBC plans return enhanced notes linked to Korean won vs. dollar
By Susanna Moon
Chicago, Aug. 6 – HSBC USA Inc. plans to price 0% return enhanced notes due Aug. 14, 2017 linked to the Korean won relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the currency, up to a maximum return of 22.5%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as placement agent.
The notes will price Aug. 7 and settle Aug. 12.
The Cusip number is 40433B5Y0.
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