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HSBC USA plans 0% enhanced market participation notes linked to Financial Select Sector
By Susanna Moon
Chicago, June 3 - HSBC USA Inc. plans to price 0% enhanced market participation notes due Aug. 31, 2009 linked to shares of the Financial Select Sector SPDR exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
Payout at maturity will be par plus triple any index gain, capped at 33%. Investors will be exposed to any losses.
The notes are expected to price on June 25 and settle on June 30.
HSBC Securities (USA) Inc. is the underwriter.
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