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HSBC plans barrier leveraged tracker notes linked to Hang Seng China
By Angela McDaniels
Tacoma, Wash., Aug. 8 – HSBC USA Inc. plans to price 0% barrier leveraged tracker notes due Aug. 29, 2018 linked to the Hang Seng China Enterprises index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus at least 130% of the index return. The exact upside participation rate will be set at pricing. Investors will receive par if the index falls by 25% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 25%.
HSBC Securities (USA) Inc. is the underwriter.
The trade date is Aug. 25, the pricing date is Aug. 26, and the settlement date is Aug. 29.
The Cusip number is 40433BHG6.
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