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HSBC plans buffered leveraged tracker notes linked to stock basket
By Susanna Moon
Chicago, Dec. 17 – HSBC USA Inc. plans to price 0% buffered leveraged tracker notes due March 28, 2024 linked to an equally weighted basket of stocks, according to an FWP with the Securities and Exchange Commission.
The underlying companies are British Petroleum plc, Chevron Corp. and Total SA.
The payout at maturity will be par plus 1.05 times any basket gain.
Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price and settle in December.
The Cusip number is 40433BTW8.
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