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HSBC to price buffered AMPS tied to iShares MSCI Emerging Markets
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 iShares MSCI Emerging Markets index fund, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any increase in the exchange-traded fund's share price, subject to a maximum return of 13% to 17% that will be set at pricing. Investors will receive par if the share price declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes (Cusip: 4042K1F57) will price April 20 and settle April 25.
HSBC Securities (USA) Inc. is the agent.
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