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HSBC plans to price leveraged tracker notes linked to S&P 500 index
By Toni Weeks
San Luis Obispo, Calif., April 3 - HSBC USA Inc. plans to price 0% leveraged tracker notes due April 2021 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus at least 160% of the index return. The exact upside participation rate will be set at pricing. Investors will be fully exposed to any decline in the index.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price and settle in April.
The Cusip number is 40432XYD7.
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