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HSBC plans to price buffered AMPS linked to Russell 2000
By Sarah Lizee
Olympia, Wash., Aug. 24 – HSBC USA Inc. plans to price 0% buffered accelerated market participation securities due Feb. 28, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, capped at par plus 16.8%.
Investors will receive par if the index falls by 10% or less and will lose 1% for every 1% decline beyond the 10% buffer.
HSBC USA Inc. is the agent.
The notes will price on Aug. 26.
The Cusip number is 40438CSR3.
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