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HSBC plans 18-month AMPS linked to iShares MSCI Emerging Markets
By Susanna Moon
Chicago, April 2 - HSBC USA Inc. plans to price Accelerated Market Participation Securities due Oct. 30, 2014 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 triple any fund gain, up to a maximum return of 19% to 22%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
The notes will price on April 25 and settle on April 30.
The Cusip number is 40432XDU2.
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