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HSBC plans three-year buffered uncapped notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Sept. 12 – HSBC USA Inc. plans to price 0% Buffered Uncapped Market Participation Securities due Sept. 30, 2019 linked to the S&P 500 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. If the index return is less than or equal to zero but greater than or equal to negative 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price Sept. 27.
The Cusip number is 40433UUL8.
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