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HSBC plans two-year capped buffered notes linked Russell 2000 index
By Devika Patel
Knoxville, Tenn., Dec. 23 – HSBC USA Inc. plans to price 0% Capped Leveraged Index Return notes due January 2019 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 200% of any index gain, subject to a maximum return of 16% to 20% that will be determined at pricing.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the 10% buffer.
BofA Merrill Lynch is the agent.
The notes are expected to price in January and settle in February.
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