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HSBC plans buffered uncapped market notes tied to Hang Seng China
By Jennifer Chiou
New York, Nov. 4 – HSBC USA Inc. plans to price 0% buffered uncapped market participation securities due Nov. 26, 2018 linked to the Hang Seng China Enterprises index, according to an FWP 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 15%, and will lose 1% for every 1% decline beyond 15%.
The notes (Cusip: 40433BSU3) are expected to price on Nov. 21 and settle on Nov. 25.
HSBC Securities (USA) Inc. is the agent.
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