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HSBC plans barrier enhanced notes linked to Energy Select Sector SPDR
By Susanna Moon
Chicago, June 24 – HSBC USA Inc. plans to price 0% barrier enhanced participation notes due July 1, 2019 linked to the Energy Select Sector SPDR fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 120% any fund gain, with the exact participation rate to be set at pricing.
Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund finishes below the 75% barrier level.
HSBC Securities (USA) Inc. is the agent.
The notes will price on July 28 and settle on July 31.
The Cusip number is 40433B3D8.
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