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HSBC plans leveraged buffered capped notes tied to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, Feb. 21 – HSBC USA Inc. plans to price 0% leveraged buffered notes due in 25 to 28 months linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.3 times any index gain, up to a maximum settlement amount of $1,213.59 to $1,250.64 for each $1,000 principal amount.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.
HSBC Securities (USA) Inc. is the underwriter.
The Cusip number is 40435U6Q2.
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