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HSBC plans to price PLUS linked to Euro Stoxx Banks
By Angela McDaniels
Tacoma, Wash., Oct. 9 – HSBC USA Inc. plans to price 0% Performance Leveraged Upside Securities due Dec. 7, 2015 linked to the Euro Stoxx Banks index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 21.25%. If the index return is negative, investors will have one-to-one exposure to the decline.
HSBC Securities (USA) Inc. is the agent. Distribution is through Morgan Stanley Wealth Management.
The notes are expected to price Oct. 31 and settle Nov. 5.
The Cusip number is 40434D442.
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