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HSBC to price Accelerated Return Notes due 2015 linked to Yahoo!
By Marisa Wong
Madison, Wis., Sept. 5 – HSBC USA Inc. plans to price 0% Accelerated Return Notes due September 2015 linked to the common stock of Yahoo! Inc., 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 22% to 26% that will be set at pricing. Investors will be fully exposed to any decline in the stock.
BofA Merrill Lynch is the agent.
The notes will price and settle in September.
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