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HSBC plans return enhanced notes linked to Hang Seng China Enterprises
By Susanna Moon
Chicago, Feb. 6 - HSBC USA Inc. plans to price 0% return enhanced notes due Feb. 26, 2014 linked to the performance of the Hang Seng China Enterprises index and deliverable Chinese renminbi relative to the dollar, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the composite return, up to a maximum return of 36.3%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the underwriter, and J.P. Morgan Securities LLC is the agent.
The notes will price on Feb. 8 and settle on Feb. 13.
The Cusip number is 40432XBB6.
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