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HSBC to sell enhanced market participation notes linked to S&P 500
By Susanna Moon
Chicago, May 19 - HSBC USA Inc. plans to price 0% enhanced market participation notes due July 15, 2010 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 triple any index gain, up to cap of 21% to 27%, with the exact percentage to be set at pricing.
Investors will be exposed to any losses.
The notes will price on June 12 and settle on June 17.
HSBC Securities (USA) Inc. is the agent.
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