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HSBC plans leveraged performance notes on HSBC Vantage5 index
New York, May 31 – HSBC USA Inc. plans to price 0% leveraged performance notes due June 29, 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 2.5 times 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 June 22 and settle on June 29.
The Cusip number is 40435FG43.
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