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HSBC amends maturity date for leveraged buffered notes on Euro Stoxx
By Marisa Wong
Madison, Wis., April 30 - HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due May 29, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The maturity date for the notes (Cusip: 40432XZ61) was amended from May 14, 2018.
The payout at maturity will be par plus at least 1.55 times any gain in the index.
Investors will receive par if the index falls by up to 10% and will lose 1% for every 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will to price on May 23 and settle on May 29. The pricing and settlement dates were previously set at May 7 and May 12, respectively.
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