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HSBC plans three-year capped trigger gears linked to Russell 2000
By Susanna Moon
Chicago, June 8 – HSBC USA Inc. plans to price 0% capped trigger gears due June 28, 2019 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus double the return, up to a maximum return of 36% to 40%. The exact cap will be set at pricing.
If the index falls but finishes at or above the 75% trigger level, the payout will be par.
If the index falls by more than 25%, investors will be fully exposed to any losses.
UBS Financial Services Inc. and HSBC Securities (USA) Inc. are the agents.
The notes will price on June 27 and settle on June 30.
The Cusip number is 40434V731.
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