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HSBC plans trigger performance securities due 2026 linked to S&P 500
By Devika Patel
Knoxville, Tenn., March 8 – HSBC USA Inc. plans to price 0% trigger performance securities due Feb. 26, 2026 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 153% to 173% of the gain. The exact participation rate will be set at pricing.
If the index falls but finishes at or above its 50% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
The notes (Cusip: 40434N572) will price on March 28 and settle March 31.
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