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HSBC plans 18-month buffered AMPS tied to iShares FTSE/Xinhua China 25
By Angela McDaniels
Tacoma, Wash., Dec. 1 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due June 27, 2012 linked to the iShares FTSE/Xinhua China 25 index fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any increase in the exchange-traded fund's share price, subject to a maximum return of 15% to 20% that will be set at pricing. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes (Cusip 4042K1BC6) will price Dec. 22 and settle Dec. 28.
HSBC Securities (USA) Inc. is the agent.
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