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HSBC plans Capped Leveraged Index Return Notes tied to Russell 2000
By Marisa Wong
Morgantown, W.Va., Jan. 30 – HSBC USA Inc. plans to price 0% Capped Leveraged Index Return Notes due February 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus double any index gain, with the return capped at 13% to 17%.
Investors will receive par if the index declines up to 10% and will be exposed to declines in the index beyond 10%.
BofA Merrill Lynch is the agent.
The notes will price in February and settle in March.
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