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HSBC to price Accelerated Return Notes linked to MSCI Brazil index
By Toni Weeks
San Luis Obispo, Calif., April 22 – HSBC USA Inc. plans to price 0% Accelerated Return Notes due April 2018 linked to the MSCI Brazil index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 300% of any index gain, capped at 56% to 60%. The exact cap will be set at pricing.
Investors will be exposed to any losses.
BofA Merrill Lynch is the underwriter.
The notes will price and settle in April.
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