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HSBC to price barrier leveraged tracker notes tied to Euro Stoxx 50
By Marisa Wong
Madison, Wis., May 5 - HSBC USA Inc. plans to price 0% barrier leveraged tracker notes due November 2017 linked to the Euro Stoxx 50 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 155% of the index return. The exact upside participation rate will be set at pricing.
If the index falls by up to 25%, the payout will be par. If the index falls by more than 25%, investors will be fully exposed to the index decline.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price and settle in May.
The Cusip number is 40432XYR6.
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