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HSBC plans digital return notes linked to S&P 500 with 90% barrier
By Susanna Moon
Chicago, May 25 – HSBC USA Inc. plans to price 0% digital return notes due Sept. 6, 2017 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 90% barrier level, the payout at maturity will be par plus a digital return of 8%.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on May 27 and settle on June 2.
The Cusip number is 40433UPF7.
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