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HSBC USA plans trigger performance securities linked to Euro Stoxx 50
By Devika Patel
Knoxville, Tenn., Jan. 22 – HSBC USA Inc. plans to price 0% trigger performance securities due Feb. 7, 2019 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 of $10 plus 118% to 128% of the index return. The exact participation rate will be set at pricing.
If the index return is zero or negative and the final level is greater than or equal to the trigger level, 75% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
HSBC USA Inc. is the agent.
The notes (Cusip: 40434N606) will price Feb. 2 and settle Feb. 5.
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