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HSBC to price knock-out buffer notes linked to iShares MSCI Mexico fund via JPMorgan
By Jennifer Chiou
New York, Sept. 16 - HSBC USA Inc. plans to price 0% knock-out buffer notes due March 24, 2011 linked to the iShares MSCI Mexico Investable Market index fund, according to an FWP filing with the Securities and Exchange Commission.
J.P. Morgan Securities Inc. is the agent.
If the index fund falls below the knock-out buffer - 70% of the initial level - during the life of the notes, the payout at maturity will be par plus the index fund return. Otherwise, the payout will be par plus the greater of the index fund return and 5.7%.
The notes will price on Sept. 18 and settle on Sept. 23.
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