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HSBC plans 13-month AMPS linked to iShares MSCI Emerging Markets fund
By Jennifer Chiou
New York, April 1 - HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due May 31, 2011 linked to the iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any fund gain, subject to a maximum return that is expected to be 22% to 27% and will be set at pricing. Investors will be exposed to any fund decline.
The notes are expected to price on April 23 and settle on April 28.
HSBC Securities (USA) Inc. is the agent.
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