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HSBC plans barrier leveraged tracker notes linked to Euro Stoxx 50
By Jennifer Chiou
New York, Jan. 15 – HSBC USA Inc. plans to price 0% barrier leveraged tracker notes due January 2018 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus at least 120% of the index return. The exact upside participation rate will be set at pricing.
Investors will receive par if the index falls by up to 25% and will be fully exposed to losses from the initial level if the index falls by more than 25%.
The notes (Cusip: 40433BYE2) are expected to price and settle in January.
HSBC Securities (USA) Inc. is the underwriter.
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