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HSBC plans 12-month Accelerated Return Notes linked to Ford Motor
By Susanna Moon
Chicago, Nov. 14 – HSBC USA Inc. plans to price 14-month 0% Accelerated Return Notes due December 2015 linked to Ford Motor Co. shares, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus triple any stock gain, up to a maximum return of 22% to 26%. 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 in November and settle in December.
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