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HSBC plans four-year buffered uncapped market notes linked to S&P 500
By Susanna Moon
Chicago, April 27 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due May 29, 2019 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 15% and will lose 1% for every 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on May 26 and settle on May 29.
The Cusip number is 40433BQ92.
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