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HSBC plans trigger performance securities linked to Euro Stoxx 50
By Jennifer Chiou
New York, Oct. 10 – HSBC USA Inc. plans to price 0% trigger performance securities due Oct. 31, 2019 linked to the Euro Stoxx 50 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 220% to 230% of any index gain. The exact participation rate will be set at pricing.
If the index finishes at or above the trigger level, 75% of the initial level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes (Cusip: 40434D426) will price on Oct. 29 and settle on Oct. 31.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
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