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HSBC increases maximum return for 15-month AMPS linked to S&P 500
By Angela McDaniels
Tacoma, Wash., Sept. 11 – HSBC USA Inc. increased the cap for its upcoming 0% Accelerated Market Participation Securities due Dec. 18, 2015 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus triple the index return, subject to a maximum return that is now expected to be at least 13.5% instead of at least 12%. The exact cap will be set at pricing. If the index return is negative, investors will have one-to-one exposure to the decline.
HSBC Securities (USA) Inc. is the agent.
The notes will price Sept. 15 and settle Sept. 18.
The Cusip number is 40433BNA2.
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