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HSBC plans digital dual directional barrier notes linked to Apple
By Angela McDaniels
Tacoma, Wash., Feb. 5 – HSBC USA Inc. plans to price 0% digital dual directional barrier notes due February 2018 linked to the common stock of Apple Inc., according to an FWP filing with the Securities and Exchange Commission.
If the stock return is greater than or equal to negative 20%, the payout at maturity will be par plus the stock return, subject to a minimum upside return of 18% and a maximum return, which is expected to be at least 30% and will be set at pricing. If the stock return is less than negative 20%, investors will be fully exposed to the decline.
HSBC Securities (USA) Inc. is the agent.
The notes will price and settle in February.
The Cusip number is 40433UHT6.
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