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HSBC plans to price leveraged capped notes linked to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, May 11 – HSBC USA Inc. plans to price 28- to 31-month 0% leveraged capped notes linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any index gain, up to a maximum payment amount of $1,345 to $1,405 for each $1,000 principal amount. The exact cap will be set at pricing.
Investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
The notes will price on May 12.
The Cusip number is 40433UMT0.
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