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HSBC plans 50/150 performance notes linked to S&P 500 Low Volatility
By Susanna Moon
Chicago, Aug. 2 - HSBC USA Inc. plans to price 0% 50/150 performance securities due Aug. 30, 2019 linked to the S&P 500 Low Volatility index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 1.5% for every 1% gain.
Otherwise, investors will lose 0.5% for every 1% decline.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Aug. 27 and settle on Aug. 30.
The Cusip number is 40432XJX0.
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