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HSBC to price buffered AMPS linked to Russell 2000 with 13%-18% cap
By Angela McDaniels
Tacoma, Wash., July 6 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Jan. 25, 2013 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any increase in the index, subject to a cap of 13% to 18% that will be set at pricing. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes (Cusip: 4042K1LA9) are expected to price July 21 and settle July 26.
HSBC Securities (USA) Inc. is the agent.
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