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HSBC to price buffered AMPS linked to Russell 2000 with 20%-24% cap
By Angela McDaniels
Tacoma, Wash., April 4 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Oct. 24, 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 double any index gain, subject to a maximum return of 20% to 24% 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: 4042K1E90) will price April 20 and settle April 25.
HSBC Securities (USA) Inc. is the agent.
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