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HSBC eyes leveraged buffered uncapped market participation notes on indexes
By Sarah Lizee
Olympia, Wash., Aug. 19 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due Aug. 25, 2023 tied to the least performing of the Dow Jones industrial average, the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.55 times any gain of the lesser performing index.
Investors will receive par if the lesser performing index falls by up to 15% and will lose 1% for each 1% decline of the lesser performing index beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Aug. 20.
The Cusip number is 40438CTQ4.
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