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HSBC plans leveraged buffered uncapped notes due 2020 on Euro Stoxx
By Devika Patel
Knoxville, Tenn., Oct. 27 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due June 1, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 1.13 times any index gain. The exact upside participation rate will be set at pricing.
Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the underwriter.
The notes (Cusip: 40433UAY2) will price on Nov. 24 and settle on Nov. 30.
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