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HSBC plans four-year buffered uncapped market notes linked to S&P 500
By Marisa Wong
Madison, Wis., Oct. 21 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Nov. 13, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 30%, and will lose 2.1% to 2.4% for every 1% decline beyond 30%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Nov. 7 and settle on Nov. 13.
The Cusip number is 40433BRL4.
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