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HSBC plans to price buffered digital notes linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Nov. 15 – HSBC USA Inc. plans to price 0% buffered digital notes due May 30, 2023 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is greater than or equal to negative 15%, the payout at maturity will be par plus the digital upside return, which is expected to be at least 15.5% and will be set at pricing. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes are expected to price Nov. 25.
The Cusip number is 40435UE26.
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