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HSBC plans to price two-year buffered AMPS linked to Russell 2000
By Marisa Wong
Madison, Wis., March 2 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due March 28, 2013 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any increase in the index, subject to a maximum return of 18% to 22% that will be set at pricing. Investors will receive par if the index falls by 15% or less and will lose 1% for every 1% decline beyond 15%.
The notes (Cusip: 4042K1EX7) will price on March 24 and settle on March 29.
HSBC Securities (USA) Inc. is the agent.
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