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HSBC plans five-year leveraged return notes linked to Euro Stoxx 50
By Susanna Moon
Chicago, Feb. 14 - HSBC USA Inc. plans to price 0% Leveraged Index Return Notes due February 2019 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 120% to 140% of any gain in the index.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond 20%.
BofA Merrill Lynch is the agent.
The notes will price in February and settle in March.
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