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HSBC plans dual directional trigger PLUS due 2019 linked to Euro Stoxx
By Susanna Moon
Chicago, Oct. 4 - HSBC USA Inc. plans to price 0% dual directional trigger Performance Leveraged Upside Securities due May 6, 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par of $10 plus at least 130% of any gain.
If the index falls by up to the 65% trigger level, the payout will be par plus the absolute value of the return, up to a maximum return of 35%.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is the dealer.
The notes will price on Oct. 31 and settle on Nov. 5.
The Cusip number is 40434B305.
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