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HSBC plans leveraged buffered uncapped notes linked to S&P 500
By Susanna Moon
Chicago, July 11 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due Aug. 2, 2021 tied 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 1.1 times to 1.15 times any index gain. The exact upside participation rate will be set at pricing.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on July 26.
The Cusip number is 40435FBJ5.
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