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HSBC plans barrier digital return notes tied to three tech stocks
New York, April 19 – HSBC USA Inc. plans to price 0% barrier digital return notes due Aril 26, 2019 linked to the least performing of the common stocks of Microsoft Corp., salesforce.com, inc. and NVIDIA Corp., according to a 424B2 with the Securities and Exchange Commission.
If each stock finishes above its 70% barrier level, the payout will be par plus the digital return of at least 15.6%. The exact digital return will be set at pricing.
Otherwise, investors will be fully exposed to any losses of the worst performing stock.
HSBC Securities (USA) Inc. is the agent.
The notes will price on April 20 and settle on April 25.
The Cusip number is 40435FWV5.
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