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HSBC changes cap for 3.5-year barrier AMPS linked to Euro Stoxx 50
By Angela McDaniels
Tacoma, Wash., July 29 – HSBC USA Inc. changed the cap for its upcoming 0% barrier Accelerated Market Participation Securities due Feb. 28, 2019 linked to the Euro Stoxx 50 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 150% of the index return, subject to a maximum return that is now expected to be at least 47% – previously, it was expected to be at least 50% – and will be set at pricing. If the index declines by 30% or less, the payout will be par. Investors will have one-to-one exposure to the decline if the index return is less than negative 30%.
HSBC Securities (USA) Inc. is the agent.
The notes are expected to price Aug. 21 and settle Aug. 28.
The Cusip number is 40433B4K1.
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