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HSBC plans leveraged buffered uncapped notes linked to iShares EM
By Marisa Wong
Morgantown, W.Va., June 26 – HSBC USA Inc. plans to price 0% leveraged buffered uncapped market participation securities due June 6, 2022 tied to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 123% of any fund gain. The exact upside participation rate will be set at pricing.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on June 27.
The Cusip number is 40433U6V3.
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