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HSBC plans leveraged buffered capped notes tied to MSCI EAFE index
By Sarah Lizee
Olympia, Wash., Aug. 26 – HSBC USA Inc. plans to price 0% leveraged buffered capped notes due in 21 to 24 months linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.6 times any index gain, up to a maximum settlement amount of $1,231.52 to $1,271.68 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.
HSBC Securities (USA) Inc. is the underwriter.
The Cusip number is 40435UWZ3.
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