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HSBC plans barrier enhanced participation notes linked to energy fund
By Angela McDaniels
Tacoma, Wash., Aug. 4 – HSBC USA Inc. plans to price 0% barrier enhanced participation notes due Sept. 3, 2019 linked to the Energy Select Sector SPDR Fund, according to an FWP filing with the Securities and Exchange Commission.
If the fund return is greater than zero, the payout at maturity will be par plus at least 1.25 times the fund return. The exact upside participation rate will be set at pricing. Investors will receive par if the fund falls by up to 25% and will be fully exposed to losses from the initial share price if the fund falls by more than 25%.
HSBC Securities (USA) Inc. is the agent.
The notes will price Aug. 26 and settle Aug. 31.
The Cusip number is 40433B5A2.
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