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HSBC plans digital return knock-out buffer notes tied to Polish zloty
By Susanna Moon
Chicago, Oct. 24 - HSBC USA Inc. plans to price 0% digital return knock-out buffer notes due Nov. 12, 2013 linked to the Polish zloty relative to the dollar, according to an FWP with the Securities and Exchange Commission.
If the currency falls by more than 15%, the payout at maturity will be par plus the return, with exposure to any losses.
Otherwise, the payout will be par plus the digital return of 10%.
HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as the agent.
The notes will price on Oct. 26 and settle on Nov. 2.
The Cusip number is 4042K17K3.
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