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HSBC plans five-year barrier enhanced participation notes tied to Dow
By Susanna Moon
Chicago, Oct. 19 – HSBC USA Inc. plans to price 0% barrier enhanced participation notes due Oct. 27, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus at least 1.4 times the gain of the worse performing index.
If either index falls up to its 30% barrier, the payout will be par.
Otherwise, investors will lose 1% for each 1% loss of the worse performing index.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Oct. 20 and settle on Oct. 27.
The Cusip number is 40435FGS0.
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