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HSBC plans buffered return optimization notes linked to FTSE MIB
By Marisa Wong
Madison, Wis., Oct. 6 – HSBC USA Inc. plans to price 0% buffered return optimization securities due Oct. 31, 2016 to the IBEX 35 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 1.5 times any index gain, up to a maximum return of 21% to 25% that will be set at pricing.
Investors will receive par if the shares fall by up to 10% and will be exposed to losses beyond 10%.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
The notes will price on Oct. 28 and settle on Oct. 31.
The Cusip number is 40434D483.
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