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HSBC to price Accelerated Return Notes due 2015 linked to Teradata
By Jennifer Chiou
New York, July 16 – HSBC USA Inc. plans to price 0% Accelerated Return Notes due August 2015 linked to the common stock of Teradata Corp., according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any increase in the stock, subject to a maximum return of 18% to 22% that will be set at pricing. Investors will be fully exposed to any decline in the stock.
The notes are expected to price and settle in July.
BofA Merrill Lynch is the agent.
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