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HSBC plans to price 18-month bearish AMPS on Russell 2000 index
By Jennifer Chiou
New York, Jan. 18 - HSBC USA Inc. plans to price 0% Bearish Accelerated Market Participation Securities due Aug. 1, 2012 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of the absolute value of any index decline, subject to a maximum return of 21%.
If the index gains, the payout will be par minus the return.
The securities (Cusip: 4042K1CM3) will price on Jan. 27 and settle on Feb. 1.
HSBC Securities (USA) Inc. is the agent.
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