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HSBC to price buffered uncapped market participation securities on S&P
By Tali Rackner
Minneapolis, April 20 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due April 28, 2022 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain. Investors will receive par if the index declines by 25% or less and lose 1% for each 1% decline beyond the 25% buffer.
HSBC Securities (USA) Inc. is the agent.
The notes will price on April 21 and settle on April 28.
The Cusip number is 40433UZ74.
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