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HSBC plans 3.5-year barrier AMPS with cap linked to S&P 500
By Susanna Moon
Chicago, Dec. 3 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due June 29, 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the index, up to a maximum return of at least 36%. The exact cap will be set at pricing.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% barrier.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Dec. 19 and settle on Dec. 29.
The Cusip number is 40433BUF3.
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