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HSBC plans to price PLUS linked to Russell 2000 index
By Toni Weeks
San Luis Obispo, Calif., April 3 - HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due June 5, 2015 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par of $10 plus 300% of the index return, subject to a cap of at least 13.75% that will be set at pricing.
Investors will be fully exposed to any decline in the index.
The notes (Cusip: 40434C733) are expected to price on April 30 and settle on May 5.
HSBC Securities (USA) Inc. is the agent.
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