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HSBC plans buffered market participation notes on Financial Select
By Marisa Wong
Morgantown, W.Va., May 29 – HSBC USA Inc. plans to price 0% buffered market participation securities due Sept. 18, 2019 tied to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain, up to a maximum return of 11.3%.
Investors will receive par if the fund 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 June 13.
The Cusip number is 40435FB55.
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