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HSBC to price buffered AMPs linked to iShares MSCI Emerging Markets
By Angela McDaniels
Tacoma, Wash., June 4 - HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due June 27, 2016 linked to the iShares MSCI Emerging Markets ETF, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus double any ETF gain, subject to a maximum return of at least 17% that will be set at pricing. Investors will receive par if the ETF falls by up to 10% and will lose 1% for every 1% that it declines beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price June 23 and settle June 26.
The Cusip number is 40433BDM7.
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