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HSBC plans five-year leveraged buffered uncapped notes tied to S&P 500
By Susanna Moon
Chicago, March 21 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due April 4, 2022 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.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on March 29.
The Cusip number is 40433UZ41.
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