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HSBC plans to price Accelerated Return Notes linked to S&P 500 index
By Wendy Van Sickle
Columbus, Ohio, June 2 – HSBC USA Inc. plans to price 0% Accelerated Return Notes due June 2018 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 300% of any index gain, subject to a maximum return that is expected to be 17% to 21% and will be set at pricing. Investors will be exposed to any index decline.
BofA Merrill Lynch is the agent.
The notes will price in June and settle in July.
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