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Prospect News home > News index > List of issuers H > Headlines for HSBC USA Inc. > News item |
HSBC plans to price lookback entry PLUS linked to S&P 500 index
By Marisa Wong
Morgantown, W.Va., Jan. 3 – HSBC USA Inc. plans to price 0% lookback entry Performance Leveraged Upside Securities due May 3, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The initial index level will be the lowest closing level of the index during the roughly two-week period from pricing up to and including Jan. 27.
The payout at maturity will be par plus 200% of any index gain, up to a maximum return of 12.25%.
Investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent with distribution through Morgan Stanley Wealth Management.
The notes will price on Jan. 13.
The Cusip number is 40435C856.
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