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HSBC plans leveraged participation securities tied to Chinese renminbi
By Jennifer Chiou
New York, Dec. 4 – HSBC USA Inc. plans to price 0% leveraged participation securities due Dec. 11, 2017 linked to the Chinese renminbi relative to the dollar, according to an FWP with the Securities and Exchange Commission.
If the currency return is positive, the payout at maturity will be par plus two times the return.
Investors will receive at least par.
The notes (Cusip: 40433BVF2) will price on Dec. 5 and settle on Dec. 10.
HSBC Securities (USA) Inc. is the agent.
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