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HSBC plans leveraged tracker notes linked to HSBC Dynamic 5 ETF index
By Susanna Moon
Chicago, Nov. 14 - HSBC USA Inc. plans to price 0% leveraged tracker notes linked to the HSBC Dynamic 5 ETF index, according to an FWP with the Securities and Exchange Commission.
The notes will mature in four to five years after issue, with the exact maturity to be set at pricing.
The payout at maturity will be par plus 1.5 times any index gain.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
The notes will price and settle in December.
The Cusip number is 40432XMP3.
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