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HSBC plans buffered uncapped market participation securities on Stoxx
By Wendy Van Sickle
Columbus, Ohio, Feb. 2 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Aug. 31, 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 of $1,000 plus at least 100% of any index gain. The exact upside participation rate will be set at pricing.
Investors will receive par if the index falls by up to the 20% buffer and will lose 1% for every 1% decline beyond the buffer.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Feb. 24 and settle on Feb. 29.
The Cusip number is 40433UGX8.
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