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HSBC plans Capped Leveraged Index Return Notes on Global Titans index
By Marisa Wong
Madison, Wis., April 1 - HSBC USA Inc. plans to price 0% Capped Leveraged Index Return Notes due April 2015 linked to the Dow Jones Global Titans 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, subject to a maximum return of 14% to 18%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 5% and will be exposed to any losses beyond 5%.
The notes are expected to price in April and settle in May.
BofA Merrill Lynch is the agent.
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