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HSBC plans buffered PLUS due 2020 linked to Euro Stoxx 50
New York, April 27 – HSBC USA Inc. plans to price 0% buffered Performance Leveraged Upside Securities due Dec. 3, 2020 linked to the Euro Stoxx 50 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 196% of any index gain.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
HSBC Securities (USA) Inc. is the agent with Morgan Stanley Wealth Management handling distribution.
The notes will price on May 16 and settle on May 21.
The Cusip number is 40435M425.
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