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HSBC plans digital plus performance securities linked to Euro Stoxx 50
By Susanna Moon
Chicago, Aug. 2 - HSBC USA Inc. plans to price 0% digital plus performance securities due Aug. 3, 2016 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 70% barrier level, the payout at maturity will be par plus the greater of any index gain and the 18% to 22% minimum upside return.
Otherwise, investors will be fully exposed to all losses.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Aug. 6 and settle on Aug. 20.
The Cusip number is 4042K13B7.
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