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HSBC plans two-year buffered AMPS with 18%-23% cap linked to gold
By Susanna Moon
Chicago, March 6 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due March 27, 2014 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the price of gold, up to a maximum return of 18% to 23%. The exact cap will be set at pricing.
Investors will receive par if the price of gold falls by up to 10% and will be exposed to any decline beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on March 23 and settle on March 28.
The Cusip number is 4042K1ZP1.
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