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HSBC to price 15-month AMPS linked to iShares MSCI EM fund
By Jennifer Chiou
New York, Oct. 3 – HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Feb. 1, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus triple any gain in the fund, up to a maximum return of at least 19%. The exact cap will be set at pricing.
Investors will share in any losses.
The notes (Cusip: 40433BQZ4) will price on Oct. 27 and settle on Oct. 30.
HSBC Securities (USA) Inc. is the agent.
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