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HSBC to price 2.5-year buffered AMPS linked to iShares MSCI EAFE
By Angela McDaniels
Tacoma, Wash., March 29 – HSBC USA Inc. plans to price 0% buffered Accelerated Market Participation Securities due Oct. 31, 2018 linked to the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus double the ETF return, subject to a maximum return that is expected to be at least 27% and will be set at pricing. Investors will receive par if the ETF declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
HSBC Securities (USA) Inc. is the agent.
The notes are expected to price April 26.
The Cusip number is 40433UKX3.
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