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HSBC plans to price return enhanced notes linked to MSCI EAFE index
By Marisa Wong
Madison, Wis., Sept. 25 - HSBC USA Inc. plans to price 0% return enhanced notes due Oct. 16, 2014 linked to the MSCI EAFE index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the index, subject to a maximum return of 20%.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent, and J.P. Morgan Securities LLC is the dealer.
The notes will price on Sept. 27 and settle on Oct. 2.
The Cusip number is 40432XLA7.
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