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HSBC plans five-year principal-protected averaging notes on the Dow
By Susanna Moon
Chicago, Oct. 18 - HSBC USA Inc. plans to price 0% averaging notes due November 2017 linked to the Dow Jones industrial average, 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 and settle in November.
The Cusip number is 4042K17E7.
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