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HSBC plans four-year buffered performance plus notes linked to S&P 500
By Susanna Moon
Chicago, March 8 - HSBC USA Inc. plans to price buffered performance plus securities due March 30, 2017 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index falls by up to 10%, the payout at maturity will be par plus the gain or a contingent minimum return of 14% to 18%.
Otherwise, investors will be exposed to any losses beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on March 25 and settle on March 28.
The Cusip number is 40432XCW9.
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