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HSBC to price leveraged performance notes on HSBC Vantage5 index
New York, March 29 – HSBC USA Inc. plans to price 0% leveraged performance notes due May 1, 2023 linked to the HSBC Vantage5 Index (USD) Excess Return, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus at least 215% of the index return. The exact participation rate will be set at pricing.
If the index falls the payout will be par.
HSBC Securities (USA) Inc. is the underwriter.
The notes will price on April 25 and settle on April 30.
The Cusip number is 40435FXS1.
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