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HSBC plans five-year leveraged performance notes on HSBC Vantage5
By Sarah Lizee
Olympia, Wash., Aug. 2 – HSBC USA Inc. plans to price 0% leveraged performance notes due Aug. 31, 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 Aug. 24 and settle on Aug. 31.
The Cusip number is 40435FS24.
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