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HSBC plans to price performance plus notes tied to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., Sept. 26 - HSBC USA Inc. plans to price 0% performance plus securities due October 2016 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the barrier level, 80% of the initial index level, the payout at maturity will be par plus the greater of the minimum upside return and the index return. The minimum upside return is expected to be at least 14% and will be set at pricing. If the index finishes below the barrier level, investors will share fully in those losses.
The notes (Cusip: 40432XLH2) will price and settle in October.
HSBC Securities (USA) Inc. is the agent.
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