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HSBC plans to price PLUS linked to S&P 500 index
By Toni Weeks
San Luis Obispo, Calif., Jan. 2 - HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due March 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus triple any index gain, up to a maximum payout of at least $11.10 per note. The exact maximum payment will be set at pricing.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40434B511) will price in January and settle in February.
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