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HSBC plans return optimization securities tied to Russell 2000
By Jennifer Chiou
New York, Feb. 3 - HSBC USA Inc. plans to price 0% return optimization securities due April 10, 2015 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
If the final index level is at or above the initial index level, the payout at maturity will be par of $10 plus three times the index return, subject to a maximum return of 16% to 16.5%.
Investors will be fully exposed to losses.
The notes (Cusip: 40434B362) are expected to price on Feb. 4 and settle on Feb. 7.
HSBC Securities (USA) Inc. is the underwriter with UBS Financial Services Inc. as agent.
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