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HSBC plans to price AMPS linked to S&P 500 index
By Toni Weeks
San Luis Obispo, Calif., June 2 – HSBC USA Inc. plans to price 0% Accelerated Market Participation Securities due Sept. 30, 2016 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum return that is expected to be at least 12% and will be set at pricing. Investors will be fully exposed to any losses.
HSBC Securities (USA) Inc. is the agent.
The notes (Cusip: 40433B2A5) are expected to price June 25 and settle June 30.
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