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HSBC USA plans to price 24-month 0% AMPS linked to FTSE 100 index
By Marisa Wong
Milwaukee, June 4 - HSBC USA Inc. plans to price 24-month 0% Accelerated Market Participation Securities linked to the FTSE 100 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus five times any index gain, subject to a maximum return of 35.5% to 45.5% that will be set at pricing. Investors will be exposed to any index decline.
The notes will price and settle in June.
HSBC Securities (USA) Inc. is the agent.
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