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HSBC plans protected performance notes on S&P 500 Low Volatility
By Susanna Moon
Chicago, April 4 - HSBC USA Inc. plans to price 0% performance notes due Oct. 26, 2018 linked to the S&P 500 Low Volatility index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
The S&P 500 Low Volatility index measures the performance of the 100 least volatile stocks in the S&P 500 index.
HSBC Securities (USA) Inc. is the agent.
The notes will price on April 23 and settle on April 26.
The Cusip number is 4042K1E58.
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