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HSBC plans two-year buffered AMPS with cap linked to Apple
By Susanna Moon
Chicago, Sept. 25 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Oct. 5, 2017 linked to Apple Inc. shares, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any gain in the stock price, up to a maximum return of at least 35%. The exact cap will be set at pricing.
Investors will receive par if the stock falls by up to 10% and will be exposed to any losses beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes will price on Sept. 30 and settle on Oct. 5.
The Cusip number is 40433UBR6.
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