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HSBC plans leveraged buffered uncapped notes tied to Euro Stoxx
By Wendy Van Sickle
Columbus, Ohio, Oct. 11 – HSBC USA Inc. plans to price 0% leveraged Buffered Uncapped Market Participation Securities due Oct. 29, 2021 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par plus at least 125% of the return. If the index return is less than or equal to zero but greater than or equal to negative 25%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 25%.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price Oct. 26.
The Cusip number is 40433UWE2.
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