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HSBC plans dual directional contingent buffered notes on Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Sept. 15 – HSBC USA Inc. plans to price 0% dual directional contingent buffered notes due March 29, 2017 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus the index return, subject to a maximum return of 18.15%.
If the final index level is less than the initial index level by up to 18.15%, the payout will be par plus the absolute value of the index return.
If the final index level is less than the initial index level by more than 18.15%, investors will lose 1% for every 1% that the final index level is less than the initial index level.
HSBC Securities (USA) Inc. is the underwriter. J.P. Morgan Securities LLC is agent.
The notes are expected to price Sept. 18 and settle Sept. 23.
The Cusip number is 40433UAK2.
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