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HSBC to price buffered AMPS linked to basket of indexes, ETFs
By Angela McDaniels
Tacoma, Wash., Dec. 17 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Jan. 17, 2017 linked to a basket of indexes and exchange-traded funds, according to an FWP filing with the Securities and Exchange Commission.
The basket includes the S&P 500 index with a 50% weight, the iShares MSCI EAFE index fund with a 25% weight, the Russell 2000 index with a 15% weight and the iShares MSCI Emerging Markets index fund with a 10% weight.
The payout at maturity will be par plus 125% of any gain in the basket, up to a maximum return of 30% to 34%. The exact cap will be set at pricing. Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond 15%.
HSBC Securities (USA) Inc. is the agent.
The notes are expected to price Jan. 9 and settle Jan. 14.
The Cusip number is 40432XQY0.
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