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HSBC plans to price trigger PLUS due 2021 linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, Nov. 13 – HSBC USA Inc. plans to price trigger Performance Leveraged Upside Securities due Dec. 3, 2021 based on the S&P 500 index, according to an FWP filed with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus at least 147% of the index return. Investors will receive par if the index declines by 25% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 25%.
HSBC Securities (USA) Inc. is the agent. Morgan Stanley Wealth Management is distributor.
The notes will price on Nov. 30 and settle on Dec. 3.
The Cusip number is 40434K495.
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