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HSBC to price five-year return enhanced notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., March 12 - HSBC USA Inc. plans to price 0% return enhanced notes due March 20, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than or equal to zero, the payout at maturity will be par plus 171% of the index return. If the index return is negative, investors will be fully exposed to the decline.
The notes are expected to price March 15 and settle March 20.
HSBC Securities (USA) Inc. is the underwriter with J.P. Morgan Securities LLC as dealer.
The Cusip number is 40432XCX7.
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