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HSBC to sell buffered uncapped market participation notes on S&P 500
By Marisa Wong
Morgantown, W.Va., Feb. 20 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due March 5, 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 any index gain.
Investors will receive par if the index 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 Feb. 28.
The Cusip number is 40435FSM0.
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