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HSBC plans six-year averaging notes linked to S&P 500 Low Volatility
By Susanna Moon
Chicago, Oct. 1 - HSBC USA Inc. plans to price 0% averaging notes due Oct. 31, 2018 linked to the S&P 500 Low Volatility index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any gain in the average closing level of the index.
If the index falls, the payout will be par.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Oct. 26 and settle on Oct. 31.
The Cusip number is 4042K15X7.
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