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HSBC plans two-year notes linked to index basket via BofA Merrill
By Susanna Moon
Chicago, Oct. 6 – HSBC USA Inc. plans to price notes due October 2016 linked to a basket of indexes, according to an FWP with the Securities and Exchange Commission.
The basket consists of the Russell 2000 index with an initial weight of 33.34% and the Euro Stoxx 50 index and the MSCI Emerging Markets index each with an initial weight of 33.33%.
The payout at maturity will be par of $10.00 plus double any index gain, up to a maximum return of 25% to 29%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
BofA Merrill Lynch is the agent.
The notes will price and settle in October.
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