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HSBC plans buffered uncapped notes linked to Euro Stoxx 50
By Marisa Wong
Madison, Wis., Feb. 4 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Aug. 26, 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 plus any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond 20%. The exact buffer will be set at pricing.
HSBC Securities (USA) Inc. is the agent.
The notes are expected to price on Feb. 20 and settle on Feb. 25.
The Cusip number is 40433BZN1.
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