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HSBC USA plans enhanced market participation notes linked to S&P 500
By Jennifer Chiou
New York, July 19 - HSBC USA Inc. plans to issue 0% enhanced market participation notes due Aug. 25, 2008 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will price on July 20 and settle on July 25.
At maturity, investors will receive par plus double any index return, capped at 21.2%. Investors will share in any losses.
HSBC Securities (USA) Inc. will be the agent.
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