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HSBC plans two-year Accelerated Return Notes linked to Russell 2000
By Jennifer Chiou
New York, May 30 - HSBC USA Inc. plans to price two-year 0% Accelerated Return Notes due June 2016 linked to the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 16% to 20%. The exact cap will be set at pricing.
Investors will be exposed to any decline in the index.
The notes will price in June and settle in July.
BofA Merrill Lynch is the agent.
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