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HSBC plans to price PLUS tied to WisdomTree Japan Hedged Equity fund
By Wendy Van Sickle
Columbus, Ohio, March 3 – HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due July 6, 2017 linked to the WisdomTree Japan Hedged Equity fund, according to an FWP filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par of $10 plus triple the fund return, subject to a maximum payment of $12.33 per PLUS.
Investors will be fully exposed to any loss in the fund.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on March 31 and settle on April 5.
The Cusip number is 40434N556.
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