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HSBC plans 15-month buffered market notes with cap tied to NYSE FANG+
By Susanna Moon
Chicago, Dec. 12 – HSBC USA Inc. plans to price 0% Buffered Market Participation Securities due March 13, 2020 linked to the NYSE FANG+ index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of at least 20.5%.
Investors will receive par if the index 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 Dec. 13.
The Cusip number is 40435UBC7.
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