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HSBC plans capped Leveraged Index Return Notes linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., Aug. 30 – HSBC USA Inc. plans to price 0% capped Leveraged Index Return Notes due September 2018 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return that is expected to be 22% to 26% and will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it may decline beyond 10%.
BofA Merrill Lynch is the underwriter.
The notes will price in September and settle in October.
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