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HSBC to price PLUS due 2019 linked to iShares China Large-Cap fund
By Sarah Lizee
Olympia, Wash., July 13 – HSBC USA Inc. plans to price Performance Leveraged Upside Securities due Nov. 5, 2019 linked to the iShares China Large-Cap exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any fund gain, up to a maximum return of at least $12.43 per PLUS.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent and Morgan Stanley Wealth Management is the distributor.
The notes will price on July 31 and settle on Aug. 3.
The Cusip number is 40435X744.
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