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HSBC plans 19- to 22-month leveraged buffered notes tied to S&P 500
By Susanna Moon
Chicago, Aug. 8 – HSBC USA Inc. plans to price 0% capped leveraged buffered notes due in 19 to 22 months linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.4 times any index gain, up to a maximum settlement amount of $1,200.06 to $1,235.20 per $1,000 principal amount.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.
HSBC Securities (USA) Inc. is the agent.
The Cusip number is 40433UTK2.
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