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HSBC to price barrier AMPS linked to Energy Select Sector SPDR fund
By Marisa Wong
Madison, Wis., April 20 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due October 2018 linked to the Energy Select Sector SPDR fund, according to an FWP with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the fund, up to a maximum return of at least 50%. The exact cap will be set at pricing.
Investors will receive par if the fund falls by up to 25% and will be fully exposed to any losses if the fund finishes below the 75% barrier.
HSBC Securities (USA) Inc. is the agent.
The notes will price and settle in April.
The Cusip number is 40433BU48.
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