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HSBC plans digital barrier securities tied to S&P 500, Russell 2000
By Sarah Lizee
Olympia, Wash., Aug. 21 – HSBC USA Inc. plans to price 0% digital barrier securities due Nov. 30, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
If the lesser performing index finishes at or above its initial level or below its initial level by up to 30%, the payout at maturity will be par plus the greater of the gain and the digital upside return of at least 7.25%.
Otherwise, investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Aug. 23.
The Cusip number is 40435UVF8.
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