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HSBC plans performance barrier notes due 2018 linked to FTSE 100
By Jennifer Chiou
New York, Feb. 3 – HSBC USA Inc. plans to price 0% performance barrier notes due Aug. 27, 2018 linked to the FTSE 100 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 165% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
The notes (Cusip: 40433BA73) will price on Feb. 24 and settle on Feb. 27.
HSBC Securities (USA) Inc. is the underwriter.
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