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HSBC to price Leveraged Index Return Notes linked to three indexes
By Angela McDaniels
Tacoma, Wash., July 29 – HSBC USA Inc. plans to price 0% Leveraged Index Return Notes due August 2019 linked to a basket of indexes, according to an FWP filing with the Securities and Exchange Commission.
The basket will be comprised of the S&P 500 index with a 33.34% weight, the Euro Stoxx 50 index with a 33.33% weight and the MSCI Emerging Markets index with a 33.33% weight.
If the basket return is positive, the payout at maturity will be par of $10 plus 150% to 170% of the basket return. The exact upside participation rate will be set at pricing. If the basket return is negative, investors will be exposed to the decline.
BofA Merrill Lynch is the underwriter.
The notes will price in August and settle in September.
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