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HSBC to sell accelerated market participation securities on S&P 500
By Susanna Moon
Chicago, Jan. 8 - HSBC USA Inc. plans to price 0% accelerated market participation securities due Jan. 28, 2013 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 triple any index gain, up to a maximum return of 37% to 41%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
The notes will price on Jan. 22 and settle on Jan. 27.
HSBC Securities (USA) Inc. is the agent.
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