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HSBC intends to price digital notes linked to MSCI EAFE index
By Sarah Lizee
Olympia, Wash., Jan. 16 – HSBC USA Inc. plans to price 0% digital notes due in 25 to 28 months linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than or equal to the buffer level, 85% of the initial level, investors will receive par plus the digital upside payment which is expected to be 13.45% to 15.78% and will be set at pricing.
Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The Cusip number is 40435UEK6.
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