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HSBC plans to price 3.5-year barrier AMPS linked to Russell 2000
By Wendy Van Sickle
Columbus, Ohio, Oct. 19 – HSBC USA Inc. plans to price 0% barrier Accelerated Market Participation Securities due April 30, 2019 linked to the Russell 2000 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 1.5 times the index return, subject to a maximum return that is expected to be at least 50% and will be set at pricing. Investors will receive par if the index declines by 25% or less and will be fully exposed to losses if it declines beyond 25%.
HSBC Securities (USA) Inc. is the agent.
The notes are expected to price Oct. 23 and settle Oct. 30.
The Cusip number is 40433UAN6.
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