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HSBC plans 0% barrier notes due 2018 tied to Euro Stoxx 50 index
By Wendy Van Sickle
Columbus, Ohio, Oct. 27 – HSBC USA Inc. plans to price 0% barrier market participation securities due Nov. 30, 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus at least 100% of the gain. The exact upside participation rate will be set at pricing.
Investors will receive par if the index declines by 30% or less and will be fully exposed to losses if the index declines beyond 30%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Nov. 24 and settle on Nov. 30.
The Cusip number is 40433UCT1.
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