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HSBC plans five-year trigger performance notes linked to Euro Stoxx 50
By Toni Weeks
San Luis Obispo, Calif., April 2 - HSBC USA Inc. plans to price 0% trigger performance securities due April 30, 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 187% to 197% of any index gain, with the exact participation rate to be set at pricing.
Investors will receive par if the index falls by up to 25% and will be fully exposed to losses if the index finishes below the 75% trigger level.
HSBC Securities (USA) Inc. is the underwriter, and UBS Financial Services Inc. is the agent.
The notes (Cusip: 40434C741) will price April 28 and settle April 30.
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