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HSBC to price return enhanced notes linked to Euro Stoxx Banks index
By Angela McDaniels
Tacoma, Wash., Aug. 4 – HSBC USA Inc. plans to price 0% return enhanced notes due Aug. 24, 2016 linked to the Euro Stoxx Banks index, according to an FWP filing with the Securities and Exchange.
If the index return is positive, the payout at maturity will be par plus two times the index return, up to a maximum return of 24.6%. If the index return is negative, investors will have one-to-one exposure to the decline.
HSBC Securities (USA) Inc. is the underwriter. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are agents.
The notes will price Aug. 7 and settle Aug. 12.
The Cusip number is 40433B6A1.
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