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HSBC plans leveraged buffered uncapped notes linked to S&P 500
By Marisa Wong
Morgantown, W.Va., June 26 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due June 30, 2021 tied 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 110% to 115% of any index gain.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on June 27.
The Cusip number is 40433U6D3.
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