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HSBC plans leveraged buffer notes on PowerShares S&P 500 Low Volatility
By Susanna Moon
Chicago, June 1 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due June 30, 2020 linked to the PowerShares S&P 500 Low Volatility Portfolio exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 115% of any fund gain.
Investors will receive par if the fund falls by 15% or less and will lose 1% for every 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on June 25 and settle on June 30.
The Cusip number is 40433BY85.
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