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HSBC to price leveraged buffered uncapped notes linked to Euro Stoxx
By Marisa Wong
Morgantown, W.Va., Oct. 18 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due Oct. 27, 2021 tied to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 140% of any index gain.
Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline beyond 25%.
HSBC Securities (USA) Inc. is the agent.
The notes will price Oct. 20.
The Cusip number is 40435FGM3.
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