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HSBC plans Accelerated Return Notes on Technology Select via Merrill
By Susanna Moon
Chicago, Dec. 30 - HSBC USA Inc. plans to price 0% Accelerated Return Notes due April 2013 linked to the Technology Select Sector index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of $11.30 to $11.70 per note. The exact cap will be set at pricing.
Investors will be exposed to any losses.
Bank of America Merrill Lynch is the agent.
The notes will price in January and settle in February.
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