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HSBC plans Accelerated Market Participation Securities on iShares MSCI Emerging Markets ETF
By Jennifer Chiou
New York, Dec. 3 – HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due March 24, 2016 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to an FWP with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par plus triple the return, subject to a maximum return that is expected to be at least 18.5% and will be set at pricing.
Investors will share in losses.
The notes (Cusip: 40433BVZ8) will price on Dec. 19 and settle on Dec. 24.
HSBC Securities (USA) Inc. is the agent.
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