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HSBC plans four-year SelectInvest notes with buffer tied to Euro Stoxx
By Susanna Moon
Chicago, April 25 - HSBC USA Inc. plans to price 0% SelectInvest notes due June 4, 2018 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 plus the index gain, up to a maximum return of at least 105%. The exact cap will be set at pricing.
The payout will be par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on May 23 and settle on June 2.
The Cusip number is 40432XZ20.
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