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HSBC plans 24-month buffered AMPS on iShares MSCI Emerging Markets
By Susanna Moon
Chicago, Aug. 2 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Aug. 27, 2015 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any gain in the fund, up to a maximum return of 15% to 19%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Aug. 27 and settle on Aug. 30.
The Cusip number is 40432XJG7.
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