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HSBC plans to price buffered uncapped securities linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Feb. 27 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due March 26, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus the index return. Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes are expected to price March 23 and settle March 26.
The Cusip number is 40433BD70.
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