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HSBC plans barrier enhanced participation notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., Nov. 8 – HSBC USA Inc. plans to price 0% barrier enhanced participation notes due May 29, 2020 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 1.3 times any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier level.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Nov. 23.
The Cusip number is 40433UZQ2.
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