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HSBC plans 15-month buffered capped market notes tied to energy fund
By Susanna Moon
Chicago, Aug. 23 – HSBC USA Inc. plans to price 0% buffered market participation securities due Dec. 18, 2019 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any fund gain up to a maximum return of 15.5%.
Investors will receive par if the fund falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Sept. 13.
The Cusip number is 40435FX51.
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