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HSBC plans five-year buffered performance plus notes linked to S&P 500
By Susanna Moon
Chicago, Feb. 14 - HSBC USA Inc. plans to price buffered performance plus securities due Feb. 24, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of any gain or a contingent minimum return of 30% to 34%.
Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Feb. 19 and settle on Feb. 24.
The Cusip number is 40432XU25.
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