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HSBC to price one-year capped return enhanced notes linked to Topix
By Marisa Wong
Morgantown, W.Va., Jan. 11 – HSBC USA Inc. plans to price 0% return enhanced notes due Jan. 30, 2019 linked to the Topix index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index gain, subject to a maximum return of 29.505%. If the index return is negative, investors will have one-to-one exposure to the decline.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Jan. 12.
The Cusip number is 40435FRN9.
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