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HSBC plans lookback allocator buffered notes linked to three indexes
By Angela McDaniels
Tacoma, Wash., March 4 - HSBC USA Inc. plans to price 0% lookback allocator buffered notes due March 28, 2019 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index, the Euro Stoxx 50 index and the Hang Seng index. On March 25, 2019, the index with the best return will be given a 50% weight, the index with the second best return will be given a 30% weight, and the index with the lowest return will be given a 20% weight.
If the basket return is greater than zero, the payout at maturity will be par plus the basket return. If the basket declines by 10% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the basket declines beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price March 25 and settle March 28.
The Cusip number is 40432XW31.
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