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HSBC to sell buffered uncapped market participation notes on S&P 500
By Marisa Wong
Madison, Wis., May 2 - HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due May 28, 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 index gain.
Investors will receive par if the index falls by up to the 17% buffer level and will lose 1% for every 1% decline beyond the buffer level.
HSBC Securities (USA) Inc. is the agent.
The notes will price May 22 and settle May 28.
The Cusip number is 40433BAV0.
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